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Sample records for policy management macroeconomic

  1. monetary policy and macroeconomic management: a simulation ...

    African Journals Online (AJOL)

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    Endogenous. Xa. Agricultural export. Endogenous. Lma. Capital goods import. Endogenous. Lmb. Consumer goods import. Exogenous. Ms money supply. Exogenous. Cremn. Credit to manufacturing sector. Exogenous. MONETARY POLICY AND MACROECONOMIC MANAGEMENT: A SIMULATION EXPERIMENT. 5 ...

  2. Aid Policy and the Macroeconomic Management of Aid

    DEFF Research Database (Denmark)

    Addison, Tony; Tarp, Finn

    2015-01-01

    , and coordination of donors); and the macroeconomic framework around aid. The studies in the special issue demonstrate the centrality of research methodology, the importance of disaggregation, and the need to account for country-specific situations and problems. This introduction concludes that the sometimes “over......This is an introduction to the UNU-WIDER special issue of World Development on aid policy and the macroeconomic management of aid. We provide an overview of the 10 studies, grouping them under three sub-themes: the aid–growth relationship; the supply-side of aid (including its level, volatility...... heated” debate on aid needs redirecting toward more rigorous analysis, in which the advantages—and disadvantages—of using aid for development can be evaluated in a calmer manner....

  3. Monetary policy and macroeconomic management: A simulation ...

    African Journals Online (AJOL)

    The dynamic nexus between money supply, fiscal deficit, inflation, output and exchange rate management has generated much debate in economic literature in Nigeria in recent times. To contribute to this debate, this ... Thus, the study concludes that there is a trade off between higher GDP growth and inflation in Nigeria.

  4. Rethinking macroeconomic policies for development

    Directory of Open Access Journals (Sweden)

    Deepak Nayyar

    2011-09-01

    Full Text Available The global economic crisis has created an opportunity to rethink macroeconomics for development. Such rethinking is both necessary and desirable. It is essential to redefine macroeconomic objectives so that the emphasis is on fostering employment creation and supporting economic growth instead of the focus on price stability alone. It is just as important to rethink macroeconomic policies which cannot simply be used for the management of inflation and the elimination of macroeconomic imbalances, since fiscal and monetary policies are powerful and versatile instruments in the pursuit of development objectives. In doing so, it is essential to the overcome the constraints embedded in orthodox economic thinking and recognize the constraints implicit in the politics of ideology and interests.

  5. Management of Internal and External Factors of Decisive Policies in Agriculture in Macroeconomic Crisis Conditions

    Directory of Open Access Journals (Sweden)

    Vanghele Cristian

    2017-01-01

    Full Text Available The management of internal and external factors directly influencing the decisions implemented by the managerial act at the macroeconomic analysis of the relations within this branch and sub-branches, of the disturbing factors with the implementation of some decisions to stop the phenomena of soil degradation and agricultural land and to preserve and develop their productive potential, a production surplus for ash consumption and ensuring a productive production for industrial consumption with the result of gaining added value and net profit as much as possible for the exploitation farms.

  6. Macroeconomic policies and forestry in Zimbabwe | Mabugu ...

    African Journals Online (AJOL)

    This paper discusses the potential impacts of macroeconomic policies on forestry in Zimbabwe. Over the period 1980 – 2001, macroeconomic policies have swung from a centrally controlled economy to a liberalized economy and back to a centrally controlled economy. In general, Zimbabwe's experience suggests that ...

  7. Macroeconomic policy, growth, and biodiversity conservation.

    Science.gov (United States)

    Lawn, Philip

    2008-12-01

    To successfully achieve biodiversity conservation, the amount of ecosystem structure available for economic production must be determined by, and subject to, conservation needs. As such, the scale of economic systems must remain within the limits imposed by the need to preserve critical ecosystems and the regenerative and waste assimilative capacities of the ecosphere. These limits are determined by biophysical criteria, yet macroeconomics involves the use of economic instruments designed to meet economic criteria that have no capacity to achieve biophysically based targets. Macroeconomic policy cannot, therefore, directly solve the biodiversity erosion crisis. Nevertheless, good macroeconomic policy is still important given that bad macroeconomy policy is likely to reduce human well-being and increase the likelihood of social upheaval that could undermine conservation efforts.

  8. ECON4020 - Macroeconomics for Managers, Spring 2006

    OpenAIRE

    Bowles, Tyler

    2006-01-01

    This course provides a broad overview of macroeconomic theory and policy. The focus is on understanding fluctuations in the levels of income, employment, and production and policy responses to these fluctuations.

  9. Fiscal policy is still an effective instrument of macroeconomic policy

    Directory of Open Access Journals (Sweden)

    Arestis Philip

    2011-01-01

    Full Text Available Recent developments in macroeconomics and macroeconomic policy, what has come to be known as “New Consensus in Macroeconomics”, downgrades the role of fiscal policy and upgrades that of monetary policy. This contribution aims to consider this particular contention by focusing on fiscal policy. We consider fiscal policy within the current “new consensus” theoretical framework, which views fiscal policy as ineffective, and argue that it deserves a great deal more attention paid to it than it has been recently. We review and appraise recent and not so recent theoretical and empirical developments on the fiscal policy front. The possibility of fiscal and monetary policy coordination is proposed and discussed to conclude that it deserves a great deal more attention and careful consideration than it has been given to in the past. Our overall conclusion is that discretionary application of fiscal and monetary policy in a coordinated and focused manner as a tool of macroeconomic policy deserves serious attention paid to it than hitherto.

  10. Managing Macroeconomic Risks by Using Statistical Simulation

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    Merkaš Zvonko

    2017-06-01

    Full Text Available The paper analyzes the possibilities of using statistical simulation in the macroeconomic risks measurement. At the level of the whole world, macroeconomic risks are, due to the excessive imbalance, significantly increased. Using analytical statistical methods and Monte Carlo simulation, the authors interpret the collected data sets, compare and analyze them in order to mitigate potential risks. The empirical part of the study is a qualitative case study that uses statistical methods and Monte Carlo simulation for managing macroeconomic risks, which is the central theme of this work. Application of statistical simulation is necessary because the system, for which it is necessary to specify the model, is too complex for an analytical approach. The objective of the paper is to point out the previous need for consideration of significant macroeconomic risks, particularly in terms of the number of the unemployed in the society, the movement of gross domestic product and the country’s credit rating, and the use of data previously processed by statistical methods, through statistical simulation, to analyze the existing model of managing the macroeconomic risks and suggest elements for a management model development that will allow, with the lowest possible probability and consequences, the emergence of the recent macroeconomic risks. The stochastic characteristics of the system, defined by random variables as input values defined by probability distributions, require the performance of a large number of iterations on which to record the output of the model and calculate the mathematical expectations. The paper expounds the basic procedures and techniques of discrete statistical simulation applied to systems that can be characterized by a number of events which represent a set of circumstances that have caused a change in the system’s state and the possibility of its application in the field of assessment of macroeconomic risks. The method has no

  11. IMPACT OF GLOBALIZATION ON MACROECONOMIC POLICY

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    Clementina IVAN-UNGUREANU

    2008-12-01

    Full Text Available Globalization – the growing integration of economies and societies around the world – has been one of the most hotly-debated topics in international economics over the past few years. Rapid growth and poverty reduction in some countries that were poor 20 years ago have been positive aspects of globalization. But globalization has also generated significant international opposition to concerns about increased inequality and environmental degradation. There are many definitions of globalization. One of them could be: globalization is an ecosystem in which economic potential is no longer defined or contained by political and geographic boundaries. Economic activity has no bounds in a globalized economy. A globalized world is one where goods, services, financial capital, machinery, money, workers and ideas migrate to wherever they are most valued and can work together most efficiently, flexibly and securely. Where does economic policy come into play in this world? This paper presents some aspects of globalization and the impact on the new strategy of macroeconomics policy.

  12. Impact of Macroeconomic Policies on Poverty and Unemployment Rates in Nigeria, Implications for Attaining Inclusive Growth

    Directory of Open Access Journals (Sweden)

    Philip Nwosa

    2016-04-01

    Full Text Available This paper examined the effect of macroeconomic policies on unemployment and poverty rates in Nigeria from 1980 to 2013 with implication to achieving inclusive growth. The inability of macroeconomic policies in addressing the rising issues unemployment and poverty rates in Nigeria despite the impressive economic growth experience over the last decades has increasingly called for the need for the pursuance of inclusive growth to address the social issues of unemployment and poverty rate. Previous studies have not considered the extent to which macroeconomic policies affects unemployment and poverty rate in Nigeria, and the implication of this relationship to the attainment of inclusive growth in Nigeria. The study adopts the Ordinary Least Square (OLS technique. The study observed that among macroeconomic policy variables only exchange rate significantly influenced unemployment rate while only fiscal policy significantly influenced and poverty rate. This implies that present macroeconomic policies in Nigeria do not guarantee the attainment of inclusive growth in Nigeria. The contribution of the paper is that to achieve inclusive growth that guarantees high employment and reduced poverty rate, there is the need for a re-examination of macroeconomic policy management in Nigeria.

  13. Exploring Fiscal Policy at Zero Interest Rates in Intermediate Macroeconomics

    Science.gov (United States)

    Ramamurthy, Srikanth; Sedgley, Norman

    2013-01-01

    Since the financial meltdown of 2007, advanced macroeconomic theory has delved more deeply into the question of the appropriate fiscal policy when the nominal interest rate is close to or at zero percent. Such analysis is typically conducted with the aid of New Keynesian Dynamic Stochastic General Equilibrium models. The policy implications are,…

  14. Simple Macroeconomic Policies and Welfare: A Quantitative Assessment

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    Eurilton Araújo

    2014-09-01

    Full Text Available We quantitatively compare three macroeconomic policies in a cash-credit goods framework. The policies are: the optimal one; another one that fully smoothes out oscillations in output; and a simple one that prescribes constant values for tax and monetary growth rates. As often found in the related literature, the welfare gains or losses from changing from a given policy to another are small. We also show that the simple policy dominates the one that leads to constant output.

  15. Macroeconomic policies and economic democracy in neoliberal Brazil

    Directory of Open Access Journals (Sweden)

    Daniel Bin

    2015-12-01

    Full Text Available Abstract The objective of this paper is to investigate some of the forms of conduct of macroeconomic policies related to a substantive concept of democracy, characterized by popular participation - direct or through representatives - in decisions that unevenly affect the material well-being of the entire Brazilian population. Special attention is given to decisions about the country's public indebtedness in the years following the launching of the RealPlan. Empirical evidences show a limited democracy, revealed by the material inequality, which in turn reproduces political inequality and restricts real freedom. This is combined with the selective bureaucratic insulation of economic policy decisions, and the parliament's failure to deal with the macroeconomic agenda. The latter is thus left to the control of the executive branch's economic apparatus, which on one hand submits itself to substantial political influence from finance and, on the other hand, restricts popular participation in decisions on both fiscal and monetary policies.

  16. MACROECONOMIC POLICY OF CURRENCY WAR: METHODS OF INVESTIGATION

    Directory of Open Access Journals (Sweden)

    Bekareva S. V.

    2015-12-01

    Full Text Available The article is devoted to the methods of investigation of a modern international monetary and finance field for some countries which would participate in currency war. Usually currency wars are used in order to achieve some competitive advantages in international trade relations. Real effective exchange rate index was used as the key instrument in our analysis. It reflects a nominal exchange rate and the main trade partners’ structure as well. Moreover, some macroeconomic and finance indices were used. The methods of investigation are cluster and panel data analyses. The period of investigation is 1990-2012. The result of analysis is connected with showing differences in countries’ possibility of implementing monetary policy instruments to improve their competitiveness.

  17. ROMANIA MEASURES UNDERTAKEN TO OVERCOME THE CRISIS MACROECONOMIC POLICIES THROUGH

    Directory of Open Access Journals (Sweden)

    MUNGIU-PUPĂZAN MARIANA CLAUDIA

    2013-02-01

    Full Text Available This research paper is intended to be an analysis of the measures taken by the Romanian economic recoverythrough levers it has at hand, namely macroeconomic policies. Current financial and economic crisis appears to beunprecedented in the last half century. Whether it's a financial crisis or an economic one, we can talk about theeconomy installing a pronounced instability, uncertainty and insecurity about the future. There is a significantdecrease in the volume of transactions on the stock exchange, lack of trust in the financial system, a disturbance ofmarket mechanisms.The crisis has caused and continues to cause effects in various sectors of the economy, includingjob losses. Following the severe global economic problems, the crisis has spread rapidly in all areas.States have beenthe subject of theoretical dispute for decades, and these arguments have been rekindled with interventions bygovernments of countries affected by the recent crisis.

  18. FEATURES OF INFLUENCE OF MACROECONOMIC MEASURES OF TRANSFORMATION ON THE STATE DEBT POLICY

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    Roman Rudyk

    2015-11-01

    Full Text Available The objective is to study the relationship between the debt policy and vector of macroeconomic measures which is reflected in the transformation of structure of budget deficiency payments. Also, the article defines and characterizes three main phases of the government debt policy: pre-stabilization, stabilization and post-stabilization. The author analyzes main aspects of the relationship between dept policy and monetary one. Methodology. The study is based on the works of domestic and foreign scientists engaged in research of the given problem. Theoretical concepts are supported by statistical data of key macroeconomic indicators of Ukraine’s economy. Results of the survey showed that the relationship between the debt policy and measures of macro-regulation during the transformation has the stable and permanent nature, and the use of certain instruments of government debt management is exclusively possible for a definite direction of macro policy on the one hand, and they are the elements in the system of measures for its implementation on the other hand. In the pre-stabilization phase of transformation the debt policy synthesizes the expansive solutions of monetary and fiscal authorities, and a direct link between them mediate the expansion of demand in the public sector and the preservation of soft budget constraints for micro-units; in the stabilization phase the relationship between fiscal, monetary and debt policy becomes more indirect, but are direct in that part of the borrowing purposes, subordinated to the creation of macro-stabilization mechanism of transformation; in the poststabilization period the role of indirect interconnection between the debt measures and fiscal and monetary decisions increases, but the lack of a deep micro-restructuring and deep systemic and structural reforms cause the deterioration in the macro-economic state of the system, due to which the vector of government borrowing again gravitates toward the field

  19. Energy policies in a macroeconomic model: an analysis of energy taxes when oil prices decline

    International Nuclear Information System (INIS)

    Capros, P.; Karadeloglou, P.; Mentzas, G.

    1992-01-01

    This paper attempts an analysis of energy and macroeconomic policy issues in oil-importing countries within the context of decreasing oil prices and macroeconomic modelling. A medium-term perspective is retained and the assumption is made that the economy experiences unemployment and excess capacity when the price declines. The analysis excludes any response elements that refer to long-term equilibria, optimum allocation of resources or welfare characterization of results which should be dealt with within the context of price adjusted equilibrium models. This paper adopts the approach of quantity adjusted neo-Keynesian macroeconomic models. The paper also inquires into the macroeconomic models currently used by the Commission of the European Communities. The analysis is carried out using the HGRV model which is a large-scale neo-Keynesian multisectoral macroeconomic model of the Greek economy. (UK)

  20. Macroeconomic control, political costs and earnings management: Evidence from Chinese listed real estate companies

    Directory of Open Access Journals (Sweden)

    Donghua Chen

    2011-09-01

    Full Text Available Firms in China have faced high political costs during China’s economic transition, because they are affected by macroeconomic policies. However, research to date has offered no consistent conclusions on the relationship between political costs and earnings management in China. This study tests whether real estate firms attempt to decrease earnings during periods of macroeconomic control, using variables related to the national real estate market as proxies for political costs. We find that political costs are negatively related to earnings management in listed real estate firms. In addition, we find that non-state-owned enterprises utilized more income-decreasing accruals during this period. Our results are consistent with the political costs hypothesis.

  1. Macroeconomic stabilization and intervention policy under an exchange rate band

    NARCIS (Netherlands)

    Beetsma, R.M.W.J.; van der Ploeg, F.

    1998-01-01

    Macroeconomic stabilization and foreign exchange market interventions are investigated for a small open economy with a nominal exchange rate band. In a first-best situation, a band is not advisable from a stabilization perspective, even though with money demand shocks no welfare losses are incurred.

  2. Studying Absenteeism in Principles of Macroeconomics: Do Attendance Policies Make a Difference?

    Science.gov (United States)

    Self, Sharmistha

    2012-01-01

    The primary objective of this article is to see if and how attendance policy influences class attendance in undergraduate-level principles of macroeconomics classes. The second objective, which is related to the first, is to examine whether the nature of the attendance policy matters in terms of its impact on class attendance behavior. The results…

  3. MACROECONOMIC POLICY OF CURRENCY WAR: METHODS OF INVESTIGATION

    OpenAIRE

    Bekareva S. V.; Meltenisova E. N.

    2015-01-01

    The article is devoted to the methods of investigation of a modern international monetary and finance field for some countries which would participate in currency war. Usually currency wars are used in order to achieve some competitive advantages in international trade relations. Real effective exchange rate index was used as the key instrument in our analysis. It reflects a nominal exchange rate and the main trade partners’ structure as well. Moreover, some macroeconomic and finance indices ...

  4. Macroeconomic policy interaction: State dependency and implications for financial stability in UK: A systemic review

    Directory of Open Access Journals (Sweden)

    Muhammad Ali Nasir

    2016-12-01

    Full Text Available The association between economic and financial stabilities and influence of macroeconomic policies on the financial sector creates scope of active policy role in financial stability. As a contribution to the existing body of knowledge, this study has analysed the implications of macroeconomic policy interaction/coordination for financial stability, proxied by financial assets, i.e. equity and bonds price oscillation. The critical review and analysis of the existing literature on the subject suggests that there is also ample evidence of interdependence between monetary and fiscal policies and this interrelation necessitates coordination between them for the sake of financial stability. There is also a case for analysing the symmetry of financial markets responses to macroeconomic policy interaction. On methodological and empirical grounds, it is vital to test the robustness of policy recommendations to overcome the limitation of a single empirical approach (Jeffrey–Lindley’s paradox. Hence, the Frequentist and Bayesian approaches should be used in commentary manner. The policy interaction and optimal policy combination should also be analysed in the context of institutional design and major financial events to gain insight into the implications of policy interaction in the periods of stable economic and financial environments as well as period of financial and economic distress.

  5. Some Evidence on Policy Makers’ Motives, Macroeconomic preferences and Output-Inflation Trade-offs

    NARCIS (Netherlands)

    O.H. Swank (Otto)

    1997-01-01

    textabstractThis paper presents the results of an empirical study of the relationship between macroeconomic performance and policy makers' preferences for real output growth and inflation based on quarterly data from 16 countries. The empirical results indicate that a lower priority to inflation and

  6. OPTIMIZATION OF THE RUSSIAN MACROECONOMIC POLICY FOR 2016-2020

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    Gilmundinov V. M.

    2016-12-01

    Full Text Available This paper is concerned with the methodological issues of economic policy elaboration and optimization of economic policy instruments’ parameters. Actuality of this research is provided by growing complexity of social and economic systems, important state role in their functioning as well as multi-targets of economic policy with limited number of instruments. Considering a big variety of internal and external restrictions of social and economic development of modern Russia it has wide range of applications. Extension of the dynamic econometric general equilibrium input-output model of the Russian economy with development of the sub-model of economic policy optimization is a key purpose of this study. The sub-model of economic policy optimization allows estimating impact of economic policy measures on target indicators as well as defining optimal values of their parameters. For this purpose, we extend Robert Mundell’s approach by considering dynamic optimization and wider range of economic policy targets and measures. Use of general equilibrium input-output model allows considering impact of economic policy on different aggregate markets and sectors. Approbation of suggested approach allows us to develop multi-variant forecast for the Russian economy for 2016-2020, define optimal values of monetary policy parameters and compare considered variants by values of social losses. The obtained results could be further used in theoretical as well as applied researches concerned with issues of economic policy elaboration and forecasting of social and economic development.

  7. External Shocks and Macroeconomic Policy: Simulations with EUROMON

    OpenAIRE

    M. Demertzis; L. de Haan

    2001-01-01

    We carry out a number of policy simulations with DNB's multicountry model, EUROMON. With these simulations we aim to analyse the effectiveness of monetary and fiscal expansion in light of the current global downturn in the US and the Euro area. We thus run two types of simulations in which we examine first, the real and nominal effects of the interest rate reductions implemented over the past year (2002) in both the US and the EU and second compare, the effects of similar macro policies appli...

  8. Estimating bounds on the macroeconomic effects of the Clean Energy Future policy scenarios

    Energy Technology Data Exchange (ETDEWEB)

    Sanstad, A. H.; DeCanio, S. J.; Boyd, G. A.

    2000-04-04

    The Clean Energy Future (CEF) is a partial equilibrium study in that it focuses specifically on markets for energy services. It is also important, however, to consider potential effects of the CEF policies on overall economic performance. The purpose of this paper is: (1) to provide a framework for interpreting the macroeconomic (or second-order) effects that might occur under the types of scenarios analyzed in the CEF, and (2) to obtain a range of estimates of these effects associated with the Moderate and Advanced scenarios as described in the CEF study. In this paper the authors consider results from both types of model in the context of the CEF study. The primary framework and calculations focus on the second meaning given above of the term macroeconomic and the associated CGE models, because these are appropriate for analysis on the time scales of the CEF, through 2010 or 2020. Because the Keynesian-style macroeconomic models are designed and suited for short-term forecasting, they also discuss the application of one such model to the analysis of the shorter-horizon effects of certain policies to reduce carbon emissions.

  9. Resource price turbulence and macroeconomic adjustment for a resource exporter. A conceptual framework for policy analysis

    International Nuclear Information System (INIS)

    Cox, Grant M.; Harvie, Charles

    2010-01-01

    Increased global demand for energy and other resources, particularly from the rapidly developing economies of China and India and the opening up of global resource markets to global investors and speculative activity, has resulted in considerable recent turbulence in resource prices. The recent magnitude of change in resource prices, both positive and negative, and their macroeconomic implications is of considerable contemporary importance to both resource importing and exporting economies. For a resource exporting economy, such as that of Australia, the recent resource price boom has resulted in: increased government taxation revenue, increased employment and wages in the resource and resource related sectors, increased spending in the domestic economy that contributed to buoyant economic growth, increased resource exports to the booming economies of China and India and contributed to a stronger domestic currency with beneficial effects upon inflation. On the other hand these developments have had adverse effects on the non-resource sector by: subjecting it to more intense competition for limited resources, contributing to a loss of international competitiveness and reduced exports arising from a stronger exchange rate, reducing employment in the relatively more labour intensive non-resource sector, and contributing to an eventual slow down in the overall economy. These positive and negative effects, and the overall impact of a resource price boom, require a fundamentally closer analysis of the structure of the economy under scrutiny. In this context the policy response by government is likely to be pivotal in determining the overall macroeconomic outcomes from a resource price boom. The aim of this paper is to develop a generic analytical framework to appraise economic outcomes in the wake of a resource price boom for a resource producing and exporting economy. To this end a dynamic long run macroeconomic model is developed, emphasising the important role and

  10. THE IMPACT OF MACROECONOMIC FACTORS ON COMPETITION POLICY EFFECTIVENESS WITHIN EUROPEAN UNION

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    Dragoi Ionut

    2012-12-01

    Full Text Available In the last decades, more and more countries have enacted competition laws, understanding the importance of this process in providing a normal functioning of the economy. Analyzing competition policy effectiveness is important not only because of the recent extent of the phenomenon, but also because of the impact of competition policy effectiveness on economic development and, in the current economic climate, on the economic recovery process. For this reason, quantitative evaluation for competition policy effectiveness became very useful as data handling and understanding the whole phenomenon are easier this way and an international perspective is provided. This was made possible by various international institutions that have created a system of aggregated indicators for the evaluation of competition law enforcement and competition advocacy (perceived effectiveness. The purpose of our research is to identify the macroeconomic factors that influence the effectiveness of competition law implementation within the European Union Member States. We have tasted the influence of 13 macroeconomic, using panel data methodology and data from the last four years. We obtained ß coefficients statistically significant only for 11 of them. The results are consistent with prior analyzed studies and economic logic: positive influence from market division, intensity of local competition, ethical behavior of firms, strength of auditing and reporting standards, efficiency of legal framework in settling disputes, protection of minority shareholders’ interests, public trust of politicians, economic dimension and market size and negative influence from corruption level and diversion of public funds. Based on the achieved results we can perform an analysis of principal components leading to causal space reduction with minimal information loss and without informational redundancy, creating the premises for building a model that explains competition policy

  11. Macroeconomic stability

    DEFF Research Database (Denmark)

    Jespersen, Jesper

    2004-01-01

    It is demonstrated that full employment and sustainable development not necessarily are conflicting goals. On the other hand macroeconomic stability cannot be obtained without a deliberate labour sharing policy and a shift in the composition of private consumption away from traditional material...

  12. BAYESIAN APPROACH TO THE ANALYSIS OF MONETARY POLICY IMPACT ON RUSSIAN MACROECONOMICS INDICATORS

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    Sheveleva O. A.

    2017-12-01

    Full Text Available In this paper the interaction between the production macroeconomic indicators of the Russian economy and MIBOR (the main operational benchmark of the Bank of Russia, as well as the relationship between the inflation indicators and money supply were investigated with Bayesian approach. Conjugate Normal Inverse Wishart Prior was used. According to the study, tough monetary policy has a deterrent effect on the Russian economy. The growth of the money market rate causes a reduction in investments and output in the main sectors of the economy, as well as a drop in the income of the population with an increase in the unemployment rate.

  13. Macroeconomic Policy for Growth and Poverty Reduction: An Application to Post-Conflict and Resource-Rich Countries

    OpenAIRE

    Degol Hailu; John Weeks

    2011-01-01

    A fundamental shift in macroeconomic policy thinking is taking place. This shift opens a space for implementing policies that promote growth and reduce poverty in developing countries. In this paper, policies for post-conflict and resource-rich economies are outlined. Fiscal policy would focus on revenue mobilization, scaling-up public investment, and preventing over-heating. Monetary policies would revive the financial sector, prevent inflationary pressures and stimulate private sector inves...

  14. The impact of the International Monetary Fund's macroeconomic policies on the AIDS pandemic.

    Science.gov (United States)

    Baker, Brook K

    2010-01-01

    Expansion of funding for HIV/AIDS, especially treatment, is under attack over concerns about cost effectiveness and financial constraints. The International Monetary Fund is deeply implicated in the history of the AIDS pandemic, the underlying weakness of health systems, and the ideology of constrained resources that underlies most attacks on AIDS funding. The IMF imposed structural violence on developing countries in the 1980s and 1990s through neoliberal and macroeconomic reforms that intensified individual and communal vulnerability to infection and dismantled already weak health systems. This same macroeconomic fundamentalism has recently been repackaged and renamed. IMF fundamentalist policies continue to prioritize low inflation, constricted government spending, robust foreign currency reserves, and prompt repayment of debt at the expense of investments in health and more expansionary, pro-growth and job-creation policies. Several recent surveys have concluded that the IMF reluctantly relaxed overly restrictive policy prescriptions in response to the global economic crisis, but this relaxation was temporary at best and only extended to countries previously acceding to IMF orthodoxy. AIDS activists are campaigning for billions of dollars to fulfill the promise of universal access. If IMF pressures persist, developing countries will continue to undermine the additionality of donor health financing by substituting donor for domestic financing, refusing to invest in recurrent costs for medicines and health workers, and neglecting needed investments in health infrastructure and health system strengthening.

  15. The policy response to macroeconomic and fiscal imbalances in Italy in the last fifteen years

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    Antonio Bassanetti

    2014-03-01

    Full Text Available This paper reviews the main macroeconomic trends and the debate on policy priorities in Italy since the advent of EMU. It argues that, in the decade up to the outbreak of the global crisis (1998-2007, in Italy the reform process came to a virtual standstill and fiscal policy was inconsistent with the commitments taken on at the European level. The paper suggests that the lack of resolute policy reactions to the institutional dysfunctions and structural weaknesses was due to the fragmentation of the political constituency, while a variety of favourable contingent factors masked the difficulties of the productive system. Had Italy been better positioned in terms of public finances and structural features in 2007, some of the adverse effects of the global and sovereign crises would have been avoided.

  16. Non-standard monetary policy of the ECB: Macroeconomic effects and exit strategy

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    Momirović Dragan

    2014-01-01

    Full Text Available In the initial phases of the global economic and financial crisis ECB reacted by lowering interest rates to a historic minimum. After the crash of Lehman Brothers and strengthening of financial tensions in the EU and later on the sovereign debt crisis in the euro zone, ECB was forced to search for resource in the non-standard monetary policy measures. The ECB non-standard monetary policy changed the structure and the balance sheet size, and through actions and undertaken measures in the crisis which is still ongoing, strives to conduct the policy of the anticipated long-term interest rate. This paper offers a review of the ECB non-standard policy measures applied and the manner in which monetary policy is spilling over on to the banking and the real sector, but also the effects of the balance sheet expansion on the effects of certain macroeconomic variables. VAR model shows that the effects of the ECB balance sheet expansion are having a positive impact on the macroeconomy effects, i.e. on the two variables, output and prices, and the economic growth. The long-term effects of the non-standard monetary policy implementation remain uncertain and bear the risk of resurrection of undesired financial shocks. The manner in which ECB can avoid the uncertainty of these policies, over a long-term, is to start with gradual 'narrowing down of the non-standard policy', e. to create prerequisite for an exit strategy.

  17. From macroeconomics of energy-climate policies to the convergence between climate and development

    International Nuclear Information System (INIS)

    Mathy, Sandrine

    2016-01-01

    After a brief presentation of her research curriculum, an indication of her various publications and contributions to conferences, the author presents her expertise works and her participation to national and international projects such as: Fairness in the post-2030 climatic regime, Towards an energetic autonomy in island and isolated territories, scenarios under a carbon constraint, comparative analysis of tools of implementation of multilateral agreements on the environment, mechanism for a clean development and domestic measures, Deep De-carbonation Pathway Project or DDPP, EncilowCarb engaging civil society in low carbon scenarios, climate and development or how to re-conciliate environmental constraints and national development policies, Developmental additionnality of the Clean Development Mechanism and public aid to development. In the next part, she proposes an overview of her research works by distinguishing two directions: a macro-economic analysis of climate policies integrating second raw elements (Imaclim-R France), and strategies of struggle against climate change integrated into development policies. In a third part, she discusses research perspectives regarding energy transition and natural resources, mankind in the energy transition, and the citizen (scenarios, democracy and energy transition) [fr

  18. Macroeconomic effects of fiscal policy in the European Union, with particular reference to transition countries

    Directory of Open Access Journals (Sweden)

    Rilind Kabashi

    2017-03-01

    Full Text Available This study empirically investigates the short- to medium-term effects of fiscal policy on output and other macroeconomic variables in European Union countries between 1995 and 2012, with particular reference to transition countries. It applies Panel Vector Auto Regression with recursive identification of government spending shocks as the most appropriate method for the aim of the study and the sample used. The main results indicate that expansionary spending shocks have a positive, but a relatively low effect on output, with the fiscal multiplier around one in the year of the shock and the following year, and lower thereinafter. There are indications that this result is driven by the recent crisis, as multipliers are considerably lower in the pre-crisis period. Effects of fiscal policy are strongly dependent on country structural characteristics. Fiscal multipliers are higher in new European Union member states, in countries with low public debt and low trade openness. Further, spending shocks are followed by rising debt levels in old member states, which could be related well to the recent European debt crisis. Finally, the analysis of the transmission mechanism of fiscal policy yields results that are consistent with both extended Real Business Cycle models and extended New Keynesian models.

  19. ECONOMICAL CRISIS IN ROMANIA – A CONSEQUENCE OF THE WRONG MIX OF MACRO-ECONOMICAL POLICIES

    Directory of Open Access Journals (Sweden)

    Lorena DUDUIALĂ POPESCU

    2010-09-01

    Full Text Available The economical crisis Romania starts to cross is mainly an internal crisis determined by the wrong mix of macro-economical policies established in the last years. Economic growth proves to be unhealthy; that is because we have had a growth based on consumption financed on debt during these years. Private consumption was excessive, but the population should not be blamed: all the macro-economical measures have been pro-cyclic, stimulating consumption; and the most damaging of the all, the unique rate, is still protected by its initiators who do not want to admit they were wrong. The unique rate has stimulated the consumption and we have nowadays the first crisis of overconsumption in Romania. The main cause is the excessive consumption on debt. The population cannot be blamed, but in the future it can be better informed and surely more precautious regarding the expectations for the own incomes. In exchange, the government may be criticized because it made a monumental strategic mistake: in a time of economical increase, it consumed all this increase and it indebted itself additionally. The budgetary deficit increased from 1,3% of PIB in 2008 to 2,6% last year and probably over 3% this year. Since the government has got to borrow hundreds of million euro with the date of payment of one week, the only logical conclusion is that there are no money for the current expenditures or for the ones already budgeted on the current year. It is absolutely inacceptable in a time of high economical increase for the budgetary deficit to increase, in consequence, the costs regarding its financing on a short term.

  20. Macroeconomics in develpoing countries

    Directory of Open Access Journals (Sweden)

    Deepak Nayyar

    2007-09-01

    Full Text Available This essay analyzes the differences between the economies of industrialized countriesand developing countries, which have important implications for macroeconomics interms of theory and policy. It considers the differences in macroeconomic objectives andexamines why the reach of macroeconomic policies is different in the two sets ofcountries. It argues that the distinction between short-run macroeconomic models andlong-term growth models is not quite appropriate for developing countries, wheremacroeconomic constraints on growth straddle time horizons and short-term policieshave long-term consequences. The essential hypothesis is that the nature of relationshipsand the direction of causation in macroeconomics, which shape analysis, diagnosis andprescription, depend on the institutional setting and not the analytical structure of models.And even if some laws of economics are universal, the functioning of economies can bemarkedly different. Therefore, economic theory and policy analysis should recognize,rather than ignore, such myriad differences.

  1. Foreign Shocks, Monetary Policy, and Macroeconomic Fluctuations in a Small Open Economy: A SVAR Study of Malaysia

    Directory of Open Access Journals (Sweden)

    Zulkefly Abdul Karim

    2016-06-01

    Full Text Available This paper investigates the effect of foreign shocks upon domestic macroeconomic fluctuations and monetary policy, and examines the effectiveness of domestic monetary policy as a stabilization policy in Malaysia. Monetary policy variables (interest rate and money supply have been measured through a non-recursive structural VAR (SVAR identification scheme, which allows the monetary authority to set the interest rate and money supply after observing the current value of foreign variables, domestic output and inflation. The results show the important role of foreign shocks in influencing Malaysian monetary policy and macroeconomic variables. There is a real effect of monetary policy, that is, a positive shock in money supply increases domestic output. In contrast, a positive interest rates shock has a negative effect on domestic output growth and inflation. The effects of money supply and interest rate shocks on the exchange rate and stock prices are also consistent with standard economic theory. In addition, domestic monetary policy is able to mitigate the negative effect of external shocks upon domestic economy.

  2. Comparison of Macroeconomic Performance of Selected Asian Countries. An Econometric Analysis of China Economic Growth and Policy Implications

    Directory of Open Access Journals (Sweden)

    Hasret Benar Balcioglu

    2009-09-01

    Full Text Available This paper compares the key macroeconomics indicators for the selected countries: China, Malaysia, Indonesia, Korea, Rep. and India and also makes an econometric analysis for China for the period 1961-2007. These countries are chosen on the basis of comparability of data and time without measurement errors. This study also investigates six hypotheses considering the impact of several key macroeconomic variables such as domestic saving rate, domestic investment rate, and volatility of savings, volatility of inflation, growth rate of exports and growth rate of real GNP. By using suitable statistical and econometric tests, this paper finds that prevailing performance of China depends on its superior rates of domestic saving and exports. Policies are also suggested from the differentials between the economic performances of China and other chosen Asian countries.

  3. A goal programming approach for a joint design of macroeconomic and environmental policies: a methodological proposal and an application to the Spanish economy.

    Science.gov (United States)

    André, Francisco J; Cardenete, M Alejandro; Romero, Carlos

    2009-05-01

    The economic policy needs to pay increasingly more attention to the environmental issues, which requires the development of methodologies able to incorporate environmental, as well as macroeconomic, goals in the design of public policies. Starting from this observation, this article proposes a methodology based upon a Simonian satisficing logic made operational with the help of goal programming (GP) models, to address the joint design of macroeconomic and environmental policies. The methodology is applied to the Spanish economy, where a joint policy is elicited, taking into consideration macroeconomic goals (economic growth, inflation, unemployment, public deficit) and environmental goals (CO(2), NO( x ) and SO( x ) emissions) within the context of a computable general equilibrium model. The results show how the government can "fine-tune" its policy according to different criteria using GP models. The resulting policies aggregate the environmental and the economic goals in different ways: maximum aggregate performance, maximum balance and a lexicographic hierarchy of the goals.

  4. MACROECONOMIC IMPACT OF DECENTRALIZATION

    Directory of Open Access Journals (Sweden)

    Emilia Cornelia STOICA

    2014-05-01

    Full Text Available The concept of decentralization has a variety of expressions, but the meaning generally accepted refers to the transfer of authority and responsibility of the public functions from central government to sub-national public entities or even to the private sector. Decentralization process is complex, affecting many aspects of social and economic life and public management, and its design and implementation cover several stages, depending on the cyclical and structural developments of the country. From an economic perspective, decentralization is seen as a means of primary importance in terms of improving the effectiveness and efficiency of public services and macroeconomic stability due to the redistribution of public finances while in a much closer logic of the government policy objectives. But the decentralization process behaves as well some risks, because it involves the implementation of appropriate mechanisms for the establishment of income and expenditure programming at the subnational level, which, if is not correlated with macroeconomic policy imperatives can lead to major imbalances, both financially as in termes of economic and social life. Equally, ensuring the balance of the budget at the local level is imperative to fulfill, this goal imposing a legal framework and specific procedures to size transfers of public funds, targeted or untargeted. Also, public and local authorities have to adopt appropriate laws and regulations such that sub-national public entities can access loans - such as bank loans or debentures from domestic or external market - in terms of a strict monitoring national financial stability. In all aspects of decentralization - political, administrative, financial -, public authorities should develop and implement the most effective mechanisms to coordinate macroeconomic objectives and both sectoral and local interests and establish clear responsibilities - exclusive or shared - for all parties involved in the

  5. Macroeconomic Adjustment in Armenia: The Role of External Factors

    Directory of Open Access Journals (Sweden)

    Bas van AARLE

    2010-05-01

    Full Text Available This paper develops a small macroeconomic model of the Armenian economy. After setting up the model and its estimation, a number of macroeconomic scenarios is analyzed in the form of out-of-sample simulations. We analyze the transmissions in the model of a number of macroeconomic shocks and policy scenarios to obtain a better understanding of their possible effects on the internal and external balance of the Armenian economy. A special focus is put on the role of exchange rate and monetary management and the inflow of remittances in the Armenian economy

  6. Applied Macroeconomics

    NARCIS (Netherlands)

    Heijman, W.J.M.

    2000-01-01

    This book contains a course in applied macroeconomics. Macroeconomic theory is applied to real world cases. Students are expected to compute model results with the help of a spreadsheet program. To that end the book also contains descriptions of the spreadsheet applications used, such as linear

  7. Macroeconomic impact of pandemic influenza and associated policies in Thailand, South Africa and Uganda.

    Science.gov (United States)

    Smith, Richard D; Keogh-Brown, Marcus R

    2013-09-01

    Research has shown the value of conducting a macroeconomic analysis of the impact of influenza pandemics. However, previous modelling applications focus on high-income countries, and there is a lack of evidence concerning the potential impact of an influenza pandemic on lower- and middle-income countries. To estimate the macroeconomic impact of pandemic influenza in Thailand, South Africa and Uganda with particular reference to pandemic (H1N1) 2009. A single-country whole-economy Computable General Equilibrium (CGE) model was set up for each of the three countries in question and used to estimate the economic impact of declines in labour attributable to morbidity, mortality and school closure. Overall GDP impacts were less than 1% of GDP for all countries and scenarios. Uganda's losses were proportionally larger than those of Thailand and South Africa. Labour-intensive sectors suffer the largest losses. The economic cost of unavoidable absence in the event of an influenza pandemic could be proportionally larger for low-income countries. The cost of mild pandemics, such as pandemic (H1N1) 2009, appears to be small, but could increase for more severe pandemics and/or pandemics with greater behavioural change and avoidable absence. © 2013 Blackwell Publishing Ltd.

  8. Influence of macro-economic growth, CAP reforms and biofuel policy on the Polish agri-food sector in 2007–2020

    NARCIS (Netherlands)

    Tabeau, A.A.

    2009-01-01

    This paper presents the possible development scenario of the Polish agricultural sector till 2020. It also assesses the impact of macroeconomic growth, CAP reforms and worldwide policies towards the agriculture on this development. The scenario is build using an extended version of the Global Trade

  9. Do Economic Policy Decisions affect Stock Market Development in ...

    African Journals Online (AJOL)

    For equity investors not to easily transfer their investments in response to changes in macroeconomic policies among others, the study recommends good macroeconomic management. Keywords: Stock Market Development, Macroeconomic policy, Government spending, ADRL,. Ghana, West Africa. JEL Classification: G2 ...

  10. Political macroeconomics

    Directory of Open Access Journals (Sweden)

    Marin Dinu

    2012-08-01

    Full Text Available „Macroeconomics contaminates its principles in subordination to the societal contingent, in a way, creating states of coerced generality by contextualising the truth and circumstantiating the solutions through the adjustment of hypotheses.”

  11. Interactive Macroeconomics

    Science.gov (United States)

    Di Guilmi, Corrado; Gallegati, Mauro; Landini, Simone

    2017-04-01

    Preface; List of tables; List of figures, 1. Introduction; Part I. Methodological Notes and Tools: 2. The state space notion; 3. The master equation; Part II. Applications to HIA Based Models: 4. Financial fragility and macroeconomic dynamics I: heterogeneity and interaction; 5. Financial fragility and macroeconomic Dynamics II: learning; Part III. Conclusions: 6. Conclusive remarks; Part IV. Appendices and Complements: Appendix A: Complements to Chapter 3; Appendix B: Solving the ME to solve the ABM; Appendix C: Specifying transition rates; Index.

  12. Financial stability, wealth effects and optimal macroeconomic policy combination in the United Kingdom: A new-Keynesian dynamic stochastic general equilibrium framework

    Directory of Open Access Journals (Sweden)

    Muhammad Ali Nasir

    2016-12-01

    Full Text Available This study derives an optimal macroeconomic policy combination for financial sector stability in the United Kingdom by employing a New Keynesian Dynamic Stochastic General Equilibrium (NK-DSGE framework. The empirical results obtained show that disciplined fiscal and accommodative monetary policies stance is optimal for financial sector stability. Furthermore, fiscal indiscipline countered by contractionary monetary stance adversely affects financial sector stability. Financial markets, e.g. stocks and Gilts show a short-term asymmetric response to macroeconomic policy interaction and to each other. The asymmetry is a reflection of portfolio adjustment. However in the long-run, the responses to suggested optimal policy combination had homogenous effects and there was evidence of co-movement in the stock and Gilt markets.

  13. The macroeconomics of banking

    NARCIS (Netherlands)

    van der Kwaak, C.G.F.

    2017-01-01

    This thesis studies the macroeconomic effectiveness of monetary and fiscal policy in an environment where commercial banks are undercapitalized after a financial crisis and have large holdings of (risky) government bonds on their balance sheets. An undercapitalized banking system cannot perfectly

  14. The Macroeconomics of Aid

    DEFF Research Database (Denmark)

    Addison, Tony; Morrissey, Oliver; Tarp, Finn

    2017-01-01

    This Special Issue explores macroeconomic effects of aid from various perspectives through a blend of studies, both conceptual and empirical in nature. The overall aim is to enhance the understanding of the macroeconomic dimensions of aid in the policy and research communities, and to inspire...... further innovative work in this important area. This opening article provides a scene setting summary of five generations of aid research, with a particular focus on how the JDS has contributed to this literature, and ends with an overview of the papers included in this Issue....

  15. Exchange Risk Management Policy

    CERN Document Server

    2005-01-01

    At the Finance Committee of March 2005, following a comment by the CERN Audit Committee, the Chairman invited the Management to prepare a document on exchange risk management policy. The Finance Committee is invited to take note of this document.

  16. Evidence of Macroeconomic Policy Effects over Company-Sector Stock Returns

    Directory of Open Access Journals (Sweden)

    Mara Madaleno

    2014-11-01

    Full Text Available Given that stock markets may act as an economy mirror, it is explored the sensitivity of company-sector-specific stock returns to macroeconomic news reflecting different economic environments for the UK, US, Germany, Japan and Australian markets between March 1993 and February 2013 using monthly data. Results seem to indicate that portfolio investors need to be aware that movements in the market index is the best predictor to forecast stock returns of individual companies and sectors in developed economies. Sentiment influences individual company’s returns of the utilities sector, even if these are considered of limited growth and stable earnings, for UK, USA and Australia, turning investor confidence a relevant variable to be included. Information increases about industrial production have no influence on company and sector stocks, thus not affecting investor’s decision in developed countries. As for Japan, results seem to indicate that the higher the need of oil imports of a country, the higher will be the positive impact of oil price changes over company returns. Finally, the riskless interest rate has no effect on sector stock returns independently of the country under analysis. For developed economies, we confirm the finding that stocks cannot be used as a hedge against inflation.

  17. The Role of Monetary and Fiscal Policies in Ensuring Macroeconomic Stability in Romania

    Directory of Open Access Journals (Sweden)

    Ana-Maria SĂNDICĂ

    2015-06-01

    Full Text Available The purpose of this paper is to make an analysis of the dynamics of macroeconomic mechanisms of propagation of shocks in the Romanian economy based on a dynamic stochastic general equilibrium model (DSGE that is based on optimizing behaviour of economic agents, using micro-foundations incorporating nominal rigidities in prices and wages. The model developed is Neo-Keynesian type model and is described based on the Christiano et al (2005 and Smets and Wouters (2003. It incorporates persistence in consumption, sticky prices and wages in Calvo sense, costs of adjustment of investment, variable capacity utilization and fixed costs in production. The model takes into account also the liquidity constraints consumers - rule of thumb, element introduced by Galí et al (2007. Another assumption of the model is the consideration of imports as an input in production, under the approach of McCallum and Nelson (2001. Changes over the standard dynamic stochastic equilibrium are related to inflation inertia generated by the learning process. An innovative element is the consideration of two monetary regimes considering adopting inflation targeting strategy in Romania in August 2005. Structural break is explicitly considered by considering two sub-samples and the estimation process of parameters is in two stages similar to the approach proposed by Jakab (2008.

  18. Ecological macroeconomics

    DEFF Research Database (Denmark)

    Røpke, Inge

    2013-01-01

    by a more theoretical debate and increased interaction between the heterodox schools of ecological economics and post-Keynesian economics. In addition, both the degrowth community and the research community organized around sustainable transitions of socio-technical systems have contributed to discussions...... on how to reconcile environmental and social concerns. Based on this broad variety of pieces in a jigsaw puzzle, a new ecological macroeconomics is emerging, but the contours are still vague. This chapter seeks to outline some of this topography and to add a few pieces of its own by highlighting the need...... to shift resources from consumption to investment and describing the role of consumer-citizens in such a change. The chapter starts by identifying the problems and challenges for an ecological macroeconomics. The next section outlines some of the shortcomings of traditional macroeconomics...

  19. The Great Financial Crisis: How Effective is Macroeconomic Policy Response in the United Kingdom?

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    Clements Akinsoyinu

    2015-06-01

    Full Text Available The Great Financial Crisis has been touted to be the worst crisis since the Great Depression of 1930; its effect has profound ramifications on the global economy. The nature and the severity of the crisis provoked an unprecedented policy response from policy makers at both global and domestic levels. To address the rampaging crisis, the Bank of England implemented a number of conventional and unconventional policy measures to curtail the economic rot and to stimulate economic growth. There is a broad consensus in the empirical literature and other evidence found in this paper that a number of the policies implemented in the United Kingdom played a significant role in re-directing and stimulating the economy. This paper reviews the various policy measures adopted by the Bank of England from the inception of the financial crisis in 2008 and assesses their effectiveness in bringing back the economy from the brink of collapse. Our review shows that quantitative easing (QE policy and the expansionary fiscal policy adopted by the Bank of England were effective policy tools used in stimulating economic growth, stemming the effect and shortening the duration of the crisis in the United Kingdom

  20. A Simple Forecasting Model Linking Macroeconomic Policy to Industrial Employment Demand.

    Science.gov (United States)

    Malley, James R.; Hady, Thomas F.

    A study detailed further a model linking monetary and fiscal policy to industrial employment in metropolitan and nonmetropolitan areas of four United States regions. The model was used to simulate the impacts on area and regional employment of three events in the economy: changing real gross national product (GNP) via monetary policy, holding the…

  1. Post-Keynesian alternative policies to curb macroeconomic imbalances in the Euro area

    Directory of Open Access Journals (Sweden)

    Hein Eckhard

    2015-01-01

    Full Text Available In this paper we outline alternative post-Keynesian policy recommendations addressing the problems of differential inflation, divergence in competitiveness and associated current account imbalances within the Euro area. We provide a basic framework in order to systematically address the related issues making use of Anthony P. Thirlwall’s (1979, 2002 model of a “balance-of-payments-constrained growth rate” (BPCGR. Based on this framework, we outline the required stance for alternative economic policies and then we discuss the implications for alternative monetary, wage/incomes and fiscal policies in the Euro area as a whole, as well as the consequences for structural and regional policies in the Euro area periphery, in particular.

  2. Macroeconomic Dynamics and Financial Crisis in Nigeria

    Directory of Open Access Journals (Sweden)

    Ph. D. Olusegun Olowe

    2012-05-01

    Full Text Available This work as an empirical economics assessment examined the role of domestic macroeconomic policies with emphasis on the management of the impact of macroeconomic variables on the global financial crisis in Nigeria.. It applies VAR framework on annual time series data from 1969 to 2009. The paper opines that the Nigerian economy is far from converging towards a sustainable equilibrium in the short run. The paper suggests that attitudinal change, monetary and fiscal policies could be used to address the Nigerian version of the global financial crisis. However, the right mix of these policies to avoid conflicts in the light of dampening effects of the global financial melt-down as well as the possible effects of the global financial crisis and macroeconomic fluctuations on economic development in Nigeria is of relevance..The direction and magnitude of relevant policy to stimulate increased government intervention, it was observed that there is the need for comparative dynamics of economies in order to return to the path of sustainable growth and development

  3. Radioactive waste management policy

    International Nuclear Information System (INIS)

    Morrison, R.W.

    1983-06-01

    The speaker discusses the development of government policy regarding radioactive waste disposal in Canada, indicates overall policy objectives, and surveys the actual situation with respect to radioactive wastes in Canada. He also looks at the public perceptions of the waste management situation and how they relate to the views of governmental decision makers

  4. Macroeconomics and Descrimination in Teaching

    OpenAIRE

    Elias Tuma

    2004-01-01

    There are biases in the teaching of macroeconomics. These biases reflect economic discrimination which varies in kind and impact on policy making and welfare of the people. Traditional economic concepts and tools of analysis are capable of identifying the different kinds of economic discrimination and assessing their impact on the economy. These concepts and tools are also adequate in teaching macroeconomics without bias and without compromising traditional objectives of economic education. T...

  5. Macroeconomic trouble and policy challenges in the wake of the financial bust

    Directory of Open Access Journals (Sweden)

    Angel Asensio

    2011-06-01

    Full Text Available Contrasting with the 1929 great crisis, authorities intervened forcefully in 2008 to stop the disintegration of the financial system. Governments and central banks then sought to revise the prudential regulation in depth. It would be optimistic, however, to believe that prudential measures, alone, could deliver full economic recovery, at least in the countries that had been involved in the financial turmoil. Indeed, the collapse of the "state of confidence" and the negative effects of private debts on consumption and investment decisions have fed depressive forces and policy challenges which could hold for a while, even once the financial sector is made safe. On the one hand, the economic slowdown and the direct and indirect assistance provided by the governments to the private sectors are having a heavy impact on public finances, meanwhile, on the other hand, the massive amounts of money which artificially inflated the prices of housing and financial products could produce inflationary pressures in the post-crisis period, unless a new assets bubble is allowed for. Authorities could therefore be facing high unemployment in a damaged context of public deficits and inflationary pressures. The paper aims at discussing these new challenges. The inadequacy of inflation targets and fiscal orthodoxy in a depressed economy is emphasized, and the outlines of a Post Keynesian alternative policy are examined.

  6. Regime change and public policy: the political and macro-economic decision-making of Spanish energy policy

    Energy Technology Data Exchange (ETDEWEB)

    Lancaster, T.D.

    1983-01-01

    This dissertation examines the effects of peaceful regime change on public policy-making. Spain's National Energy Plan (PEN) in particular, and energy planning in general, constitute a critical policy issue which permits direct comparison of decision-making across regime change from the Franco dictatorship to the present constitutional monarchy. The research reveals that the nature of the political coalition underlying Spain's regime change accounts of the lack of significant change in policy-making processes in this particular policy issue. This thesis develops a two-pronged argument to explain the absence of significant policy change. The first is based on a general view of the Franco regime's and the democratic system's coalitional support. In each, three major political forces are seen as central: the military, business, and labor. One of these, business, is seen as being pivotal in the regime transition. Business' pivotal position, it is argued, has permitted a defence of a national energy policy beneficial to its economic interests in energy. The argument's second part focuses on the binding constraint on policy outcomes imposed by private interests in state planning and the generally non-binding nature of oppositional party policy proposals and public opinion.

  7. Macroeconomic Volatility and Welfare in Developing Countries

    OpenAIRE

    Loayza, Norman V.; Rancière, Romain; Servén, Luis; Ventura, Jaume

    2007-01-01

    Macroeconomic Volatility and Welfare in Developing Countries: An Introduction Norman V. Loayza, Romain Ranciere, Luis Serven, ` and Jaume Ventura Macroeconomic volatility, both a source and a reflection of underdevelopment, is a fundamental concern for developing countries. This article provides a brief overview of the recent literature on macroeconomic volatility in developing countries, highlighting its causes, consequences, and possible remedies. to reduce domestic policy-induced macroecon...

  8. Identification of Macroeconomic Factors in Large Panels

    DEFF Research Database (Denmark)

    Bork, Lasse; Dewachter, Hans; Houssa, Romain

    standard practices in the SVAR literature. Estimators based on the EM algorithm are developped. We apply this framework to a large panel of US monthly macroeconomic series. In particular, we identify nine macroeconomic factors and discuss the economic impact of monetary policy stocks. The results...

  9. A Bayesian Approach for the Analysis of Macroeconomic Dynamic in Case of Emerging Countries-Monetary and Fiscal Policy Model

    Directory of Open Access Journals (Sweden)

    Georgiana-Alina Ionita

    2016-10-01

    Full Text Available The paper proposes the analysis of the main drivers of the economic growth in Central and Eastern Europe, in three emerging countries: Czech Republic, Hungary and Poland, with a development stage similar with that of Romania. Given the vulnerabilities of the Central and Eastern Europe region at the beginning and during the recent global economic and financial crisis, there is an increased interest to identify the models that can describe the principalcharacteristics of the Central and Eastern Europe macroeconomic variables: gross domestic product, investment, wages and salaries, inflation, hours worked, consumption and themonetary variable- interest rate. Moreover, another scope is to analyze the frictions that describe the evolution of the seven data series, as the stochastic dynamic of the macroeconomic model is driven by orthogonal structural shocks.

  10. Personnel policy and management

    International Nuclear Information System (INIS)

    Dangelmaier, P.

    1986-01-01

    In the field of personnel policy and management two main points must be considered and fitted together: the aspects of the applicant and the aspects of the utility. The applicant wishes a position which suits to his abilities, education, training, experience and self-evaluation. The enterprise has beside these qualification criteria to look to some additional points: reliability - not only in the profession of the applicant but also in his daily life. In this examination licensing authorities are involved too; responsibility in a very broad sense and the ability to make correct decisions sometimes under stress situations. (orig.)

  11. Studying macroeconomic indicators as powerful ideas

    NARCIS (Netherlands)

    Mügge, D.

    2016-01-01

    Macroeconomic indicators - especially inflation, gross domestic product growth, public deficits and unemployment - stand central in economic governance. Policy-makers use them to assess their economies’ health. Citizens evaluate politicians’ performance using them as yardsticks. But these indicators

  12. A full description of the Three-ME model: Multi-sector macro-economic Model for the Evaluation of Environmental and Energy policy

    International Nuclear Information System (INIS)

    Callonnec, Gael; Landa, Gissela; Malliet, Paul; Yeddir-Tamsamani, Yasser; Reynes, Frederic

    2013-01-01

    Since 2008, the ADEME and the OFCE are involved in a research convention to develop the model Three-ME. This document provides a full description of new version of the model. Three-ME is a new model of the French economy especially designed to evaluate the medium and long term impact of environmental and energy policies at the macro-economic and sector levels. To do so Three-ME combines two important features. Firstly, it has the main characteristics of neo-Keynesian models by assuming a slow adjustment of effective quantities and prices to their notional level, an endogenous money supply, a Taylor rule and a Philips curve. Compared to standard multi-sector CGEM, this has the advantage to allow for the existence of under-optimum equilibria such as the presence of involuntary unemployment. Secondly, Three-ME is a hybrid model in the sense that it combines the top-down approach of general equilibrium macro-economic models with elements of bottom-up models of energy models developed by engineers. As in bottom-up models, the amount of energy consumed is related to their use, that is the number of buildings or cars, and the energy class to which they belong. This hypothesis is more realistic compared to the assumption made in the majority of top-down models where energy consumption is usually directly related to income through a nested structure of utility function. (authors)

  13. The effects of the global economic crisis on Macedonian economy: Some macroeconomic indicators and future policy recommendations

    Directory of Open Access Journals (Sweden)

    Elizabeta Tosheva

    2016-01-01

    The experiences and lessons taken from the global economic crisis should serve as a basis for changing the current economic model with a new one in order the economy of the country to catch a connection with the intense changes that are expected to occur in the coming period. It is expected that creating new economic model in Republic of Macedonia will result in multiple positive effects that primarily manifested in the increasing number of newly small and medium enterprises, domestic investments, industrial production, GDP, number of new employees and total exports as well as in reduction of the trade deficit in maintaining macroeconomic stability of the country.

  14. The Evolution of Macroeconomic Theory and Implications for Teaching Intermediate Macroeconomics.

    Science.gov (United States)

    Froyen, Richard T.

    1996-01-01

    Traces the development of macroeconomic theory from John Maynard Keynes to modern endogenous growth theory. Maintains that a combination of interest in growth theory and related policy questions will play a prominent role in macroeconomics in the future. Recommends narrowing the gap between graduate school and undergraduate economics instruction.…

  15. The macroeconomics of demographic unemployment.

    Science.gov (United States)

    Carlberg, M

    1990-02-01

    "What are the macroeconomic consequences of an increase in labour supply? In the short run, unemployment occurs, due to both lack of aggregate demand and capital shortage. Demand-side policy and money wage restraint prove to be ineffective in this situation, owing to capital shortage. On the other hand, a reduction in working hours without wage compensation as well as a policy mix of both demand-side policy and investment policy turn out to be effective. The reduction in working hours lowers individual income and raises individual leisure, as compared to the policy mix." (SUMMARY IN GER) excerpt

  16. Developing radioactive waste management policy

    International Nuclear Information System (INIS)

    Gichana, Z.

    2012-04-01

    A policy for radioactive waste management with defined goals and requirements is needed as a basis for the preparation of legislation, review or revision of related legislation and to define roles and responsibilities for ensuring the safe management of radioactive waste. A well defined policy and associated strategies are useful in promoting consistency of emphasis and direction within all of the sectors involved in radioactive waste management. The absence of policy and strategy can lead to confusion or lack of coordination and direction. A policy and/or strategy may sometimes be needed to prevent inaction on a particular waste management issue or to resolve an impasse. (author)

  17. Empirical evidence in the analysis of the environmental and energy policies of a series of industrialised nations, during the period 1960-1997, using widely employed macroeconomic indicators

    International Nuclear Information System (INIS)

    Focacci, Antonio

    2003-01-01

    This article underlines the main implications of the interrelations between the energy problem and that of environmental pollution, using the most widely used macroeconomic indicators in the field of policy analysis. In fact, carbon dioxide (CO 2 ) emission intensity and energy intensity trends may be used to highlight the most important features of economic development over a given time scale in a variety of different countries. The empirical analysis proposed here--covering a time-span of some 40 years in a number of the most highly industrialised nations--seems to be useful if we are to understand the main similarities and differences in the interaction between the energy choices made by different countries and their respective environmental effects. Moreover, by using PPPs, it has been possible to propose a more detailed cross-country analysis for the different international situations

  18. Macroeconomic Determinants of the Stock Market Index and Policy Implications: The Case of a Central European Country

    Directory of Open Access Journals (Sweden)

    Yu HSING

    2011-05-01

    Full Text Available This paper examines the relationship between Hungary’s stock market index and relevant macroeconomic variables. The GARCH model is applied in empirical work. It finds that Hungary’s stock market index has a positive relationship with real GDP, the ratio of the government debt to GDP, the nominal effective exchange rate and the German stock market index, a negative relationship with the real interest rate, the expected inflation rate and the government bond yield in the euro area, and a quadratic relationship with real M2 money supply. It indicates that there is a positive (negative relationship if real M2 money supply is less (greater than the critical value of 9,563 billion forints. If the quadratic relationship is not specified and tested, the positive coefficient of real M2 will be insignificant at the 10% level, and we may reach a misleading conclusion that the stock market index is not affected by real M2.

  19. A Quick Refresher Course in Macroeconomics.

    OpenAIRE

    Mankiw, N Gregory

    1990-01-01

    This paper presents a non-technical discussion of some of the important developments in macroeconomics over the past twenty years. It considers three broad categories of research. First, it discusses how the notion of rational expectations has affected economists' views on the role of economic policy, the debate over rules versus discretion, and empirical work in macroeconomics Second, it discusses various new classical approaches to the business cycle, including imperfect information theorie...

  20. Radioactive waste management policy

    International Nuclear Information System (INIS)

    Werthamer, N.R.

    1977-01-01

    The State of New York, some 15 years ago, became a party to an attempt to commercialize the reprocessing and storage of spent nuclear fuels at the West Valley Reprocessing Facility operated by Nuclear Fuel Services, Inc. (NFS). That attempted commercialization, and the State of New York, have fallen victim to changing Federal policies in the United States, leaving an outstanding and unique radioactive waste management problem unresolved. At the beginning of construction in 1963, the AEC assured both NFS and New York State of the acceptability of long-term liquid tank storage for high level wastes, and New York State ERDA therefore agreed to become the responsible long-lived stable institution whose oversight was needed. It was understood that perpetual care and maintenance of the wastes, as liquid, in on-site underground tanks, would provide for safe and secure storage in perpetuity. All that was thought to be required was the replacement of the tanks near the end of their 40-year design life, and the transferring of the contents; for this purpose, a perpetual care trust fund was established. In March of 1972, NFS shut West Valley down for physical expansion, requiring a new construction permit from the AEC. After four years of administrative proceedings, NFS concluded that changes in Federal regulations since the original operating license had been issued would require about 600 million dollars if operations were to resume. In the fall of 1976, NFS informed the NRC, of its intention of closing the reprocessing business. The inventories of wastes left are listed. The premises upon which the original agreements were based are no longer valid. Federal responsibilities for radioactive wastes require Federal ownership of the West Valley site. The views of New York State ERDA are discussed in detail

  1. Empirical analysis of the environmental and energy policies in some developing countries using widely employed macroeconomic indicators: the cases of Brazil, China and India

    International Nuclear Information System (INIS)

    Focacci, Antonio

    2005-01-01

    This paper proposes an empirical analysis concerning the environmental and energy policies of some important developing countries (Brazil, China and India) today present in the international scenario with very different features than in the past. The research is carried out using two of the most important macroeconomic indicators several times proposed in the field of policy analysis: emission-intensity ratio and energy-intensity ratio. Moreover, the emission-intensity ratio is used in order to verify the empirical existence of the so-called 'Environmental Kuznets Curve' for the three countries. For what concerns this last point, final results do not correspond closely to the theoretical strict formulations hypothesised in the classical Environmental Kuznets Curve model. This paper follows (completing and concluding) the previous one carried out by the same author for some industrialised countries. After a brief, but ineluctable, premise considering the theoretical basic assumptions to define the question and regarding general statements, the specific cases are analysed. Main findings show that resulting trends in these developing countries are different and, furthermore, they differ from those already observed in industrialised ones. (Author)

  2. Managing sustainability in management education policy

    DEFF Research Database (Denmark)

    Lystbæk, Christian Tang

    Sustainability with regards to environmental issues has until recently been seen as irrelevant to business and management practice and, consequently, has been largely missing from business and management education. But the last decades has seen increasingrecognition of environmental problems...... and governments, interact in shaping management education. These actors derive their conception of sustainability from a range of meanings, practices, and norms. Drawing on Connolly´s analytical framework regarding “essentially contested concepts” (1994), this paper interrogates management education policy...... as a site of conceptual struggle. It identifies three main conceptions of sustainability in management education policyand dominant models of CSR in management education practice...

  3. Three Essays on Macroeconomics

    Science.gov (United States)

    Doda, Lider Baran

    This dissertation consists of three independent essays in macroeconomics. The first essay studies the transition to a low carbon economy using an extension of the neoclassical growth model featuring endogenous energy efficiency, exhaustible energy and explicit climate-economy interaction. I derive the properties of the laissez faire equilibrium and compare them to the optimal allocations of a social planner who internalizes the climate change externality. Three main results emerge. First, the exhaustibility of energy generates strong market based incentives to improve energy efficiency and reduce CO 2 emissions without any government intervention. Second, the market and optimal allocations are substantially different suggesting a role for the government. Third, high and persistent taxes are required to implement the optimal allocations as a competitive equilibrium with taxes. The second essay focuses on coal fired power plants (CFPP) - one of the largest sources of CO2 emissions globally - and their generation efficiency using a macroeconomic model with an embedded CFPP sector. A key feature of the model is the endogenous choice of production technologies which differ in their energy efficiency. After establishing four empirical facts about the CFPP sector, I analyze the long run quantitative effects of energy taxes. Using the calibrated model, I find that sector-specific coal taxes have large effects on generation efficiency by inducing the use of more efficient technologies. Moreover, such taxes achieve large CO2 emissions reductions with relatively small effects on consumption and output. The final essay studies the procyclicality of fiscal policy in developing countries, which is a well-documented empirical observation seemingly at odds with Neoclassical and Keynesian policy prescriptions. I examine this issue by solving the optimal fiscal policy problem of a small open economy government when the interest rates on external debt are endogenous. Given an

  4. Presentation of the Three-ME model: Multi-sector macro-economic Model for the Evaluation of Environmental and Energy policy

    International Nuclear Information System (INIS)

    Reynes, Frederic; Yeddir-Tamsamani, Yasser; Callonnec, Gael

    2011-05-01

    This paper presents the structure and the main properties of Three-ME. This new model of the French economy has been especially designed to evaluate the medium and long term impact of environmental and energy policies at the macro-economic and sector levels. To do so Three-ME combines two important features. Firstly, it has the main characteristics of neo-Keynesian models by assuming a slow adjustment of effective quantities and prices to their notional level. Compared to standard multi-sectors CGEM, this has the advantage to allow for the existence of under-optimum equilibriums such as the presence of involuntary unemployment. Secondly, production and consumption structures are represented with a generalized CES function which allows for the elasticity of substitution to differ between each couple of inputs or goods. This is an improvement compared to the standard approach that uses nested CES functions which has the disadvantage to impose a common elasticity of substitution between the goods located in two different nested structures. (authors)

  5. Knowledge Management and Innovation Policies

    OpenAIRE

    Jhonny Antonio Pabón Cadavid

    2016-01-01

    Implementation of knowledge management strategies and administration of intellectual capital defines the effectiveness of national innovation policies. This article analyses the intersection between national policies and organizational strategies to transfer value to the economy and society. It studies the recent scholarship related to this intersection. The article introduces and defines the main concepts that are relevant for the understanding of the topic. The article stresses that democra...

  6. Knowledge Management and Innovation Policies

    Directory of Open Access Journals (Sweden)

    Jhonny Antonio Pabón Cadavid

    2016-12-01

    Full Text Available Implementation of knowledge management strategies and administration of intellectual capital defines the effectiveness of national innovation policies. This article analyses the intersection between national policies and organizational strategies to transfer value to the economy and society. It studies the recent scholarship related to this intersection. The article introduces and defines the main concepts that are relevant for the understanding of the topic. The article stresses that democratization of education and knowledge production should be part of the analysis of innovation models. The importance of intellectual capital valuation is highlighted with special emphasis on national and organizational policies regarding human capital, knowledge assets and education.

  7. An Empirical Analysis Of The Impact Of Selected Macroeconomic ...

    African Journals Online (AJOL)

    Also, a review of the various literatures was carried in section two where various macroeconomic aggregates policy option was critically appraised. In section three, an empirical assessment of selected macroeconomic aggregates was carried out where the ordinary least square regression method was applied. In the ...

  8. Macroeconomic Stabilization When the Natural Real Interest Rate Is Falling

    Science.gov (United States)

    Buttet, Sebastien; Roy, Udayan

    2015-01-01

    The authors modify the Dynamic Aggregate Demand-Dynamic Aggregate Supply model in Mankiw's widely used intermediate macroeconomics textbook to discuss monetary policy when the natural real interest rate is falling over time. Their results highlight a new role for the central bank's inflation target as a tool of macroeconomic stabilization. They…

  9. Policy, Profession and Public Management

    DEFF Research Database (Denmark)

    Kann-Christensen, Nanna; Balling, Gitte

    with focus on an expressive logic, on the other hand, is defined by tolerance and inclusiveness both regarding forms of culture, types of aesthetic experiences and regarding participants. P for Profession: Professional logics The librarian profession has been analyzed and described several places. Some...... interconnected concerns that relates to literature promotion. Besides cultural policy we regard the logics of New Public Management (NPM) and professional logics in the field of public libraries. Cultural policy along with the identification of underlying logics present among politicians, government officials......). Theoretical perspectives In order to investigate how Policy, Public management and Professional logics interplay in the field of public libraries, this paper uses an institutional perspective. Institutional theory is concerned with the field level. The concept of institutional logics is well suited...

  10. Modern macroeconomics: a review of the post 2008/2009 crisis debate

    African Journals Online (AJOL)

    ... the view that macroeconomics of the last 30 years is completely useless, we are of the view that there is need for serious rethinking about the future of macroeconomics. This is the only way forward, if the subject has anything to say about policy. Keywords: Financial Crisis, Modern Macroeconomics, Rational Expectations, ...

  11. Nigeria: macroeconomic environment and the perennial crops ...

    African Journals Online (AJOL)

    This paper examines the impacts of macroeconomic environment on the output performances of perennial crops – namely cocoa, rubber, palm oil and palm kernel in Nigeria. The time series data used for the analysis reveals agricultural policy/programme instability. Ordinary Least Square estimation shows that most ...

  12. Stabilizing Macroeconomic Fluctuations in the EMU

    NARCIS (Netherlands)

    Aarle, B. van

    2001-01-01

    Macroeconomic performance in the Economic and Monetary Union (EMU) will be impaired if national fiscal policy flexibility and monetary flexibility of the ECB is limited, goods markets adjust sluggishly, labor mobility is low, and automatic stabilization from federal taxes and government spending is

  13. The Influence of Macroeconomic Trends on the Repayment of Loans by Households: Evidence from the Federation of Bosnia and Herzegovina and Policy Reccomendations

    Directory of Open Access Journals (Sweden)

    Pašić Sanela

    2016-04-01

    Full Text Available This paper explores the influence of macroeconomic indicators, namely GDP growth, the Consumer Price Index and the unemployment rate on the quality of loan repayments by households in the banking market of the Federation of Bosnia and Herzegovina. Potential influence is observed over a period of fourteen years at the level of nonperforming household loans using regression analysis. The authors aim to determine whether macroeconomic forces actually influence loan repayment, and if so how and what can be done by banks to utilize this information in order to reduce future credit losses, and by the government to maintain the stability of the banking sector.

  14. Management of science policy, sociology of science policy and economics of science policy

    CERN Document Server

    Ruivo, Beatriz

    2017-01-01

    'Management of science policy, sociology of science policy and economics of science policy' is a theoretical essay on the scientific foundation of science policy (formulation, implementation, instruments and procedures). It can be also used as a textbook.

  15. Macroeconomic Issues in Foreign Aid

    DEFF Research Database (Denmark)

    Hjertholm, Peter; Laursen, Jytte; White, Howard

    foreign aid, macroeconomics of aid, gap models, aid fungibility, fiscal response models, foreign debt,......foreign aid, macroeconomics of aid, gap models, aid fungibility, fiscal response models, foreign debt,...

  16. Macroeconomic model of national economy development (extended

    Directory of Open Access Journals (Sweden)

    M. Diaconova

    1997-08-01

    Full Text Available The macroeconomic model offered in this paper describes complex functioning of national economy and can be used for forecasting of possible directions of its development depending on various economic policies. It is the extension of [2] and adaptation of [3]. With the purpose of determination of state policies influence in the field of taxes and exchange rate national economy is considered within the framework of three sectors: government, private and external world.

  17. Engendering macroeconomic policies | IDRC - International ...

    International Development Research Centre (IDRC) Digital Library (Canada)

    2011-01-28

    Jan 28, 2011 ... If you are an academic, you really need to be working with people who have done policymaking. And if you're a policymaker, you really need to work with people who are doing more of the technical research and so on, so that technical research can become more relevant in terms of practical policymaking.

  18. Quality assurance management policies and requirements

    International Nuclear Information System (INIS)

    1985-10-01

    The purpose of this document is to: set forth overall, integrated quality assurance management policies and requirements for the entire Civilian Radioactive Waste Management Program; define management responsibilities for assuring quality; and provide a general framework for the development of more detailed quality assurance management policies and requirements by program, project, and contractor organizations

  19. Macroeconomics of the ICU

    NARCIS (Netherlands)

    Bion, JF; Angus, DC; Miranda, DR; Sibbald, WJ

    1999-01-01

    Intensive care macroeconomics may be defined as the study of fiscal relationships between service organization and the processes and outcomes of care. There are substantial international variations in funding intensive care services, which cannot be explained by differences in case mix or population

  20. Macroeconomics and violence

    OpenAIRE

    Brauer, J.; Dunne, J. P.

    2011-01-01

    This chapter considers macroeconomic aspects of violence. It moves beyond the usual focus on war to argue\\ud the economic importance of all forms and aspects of armed and unarmed violence. Violence refers to acts of self-harm,\\ud interpersonal violence, and collective violence. Self-harm includes suicide; interpersonal violence includes organized\\ud criminal violence as well as domestic and workplace violence. Collective violence generally denotes political entities that are in, or at risk of...

  1. Modeling the impact of forecast-based regime switches on macroeconomic time series

    NARCIS (Netherlands)

    K. Bel (Koen); R. Paap (Richard)

    2013-01-01

    textabstractForecasts of key macroeconomic variables may lead to policy changes of governments, central banks and other economic agents. Policy changes in turn lead to structural changes in macroeconomic time series models. To describe this phenomenon we introduce a logistic smooth transition

  2. Macroeconomics correlations focused on foreign direct investments

    Directory of Open Access Journals (Sweden)

    Teodora ALECU

    2010-07-01

    Full Text Available This article is meant to reveal the way in which the theory of interconnections between systems and sub-systems partici-pating to the creation of economic value, which have been described by professor Paul Bran in his book Economics of Value is outlined in practice and how its analysis may help us to control the effects of the policies applied at the level of each macroeconomic sub-system.

  3. The macro-economic rebound effect and the UK economy

    International Nuclear Information System (INIS)

    Barker, Terry; Ekins, Paul; Foxon, Tim

    2007-01-01

    This paper examines the macroeconomic rebound effect for the UK economy arising from energy efficiency policies 2000-2010 using the macroeconomic model, MDM-E3. The literature distinguishes between three types of rebound effect: direct, indirect and economy-wide. The macroeconomic rebound effect considered here is the combination of the indirect and economy-wide effects. Policies for the domestic, business, commercial and public, and transport sectors of the economy are analysed for 2000-2010. Overall, the policies lead to a saving of about 8% of the energy, which would otherwise have been used and a reduction in CO 2 emissions of 10% (or 14 mtC) by 2010. There are also favourable macroeconomic effects: lower inflation and higher growth. We find that the macroeconomic rebound effect arising from UK energy efficiency policies for the period 2000-2010 is around 11% by 2010, averaged across sectors of the economy. When this is added to the (assumed) direct rebound effect of around 15%, this gives a total rebound effect of around 26% arising from these policies. Thus, the findings of the study support the argument that energy efficiency improvements for both consumers and producers, stimulated by policy incentives, will lead to significant reductions in energy demand and hence in greenhouse gas emissions

  4. Macroeconomic impact of a mild influenza pandemic and associated policies in Thailand, South Africa and Uganda: a computable general equilibrium analysis.

    Science.gov (United States)

    Smith, Richard D; Keogh-Brown, Marcus R

    2013-11-01

    Previous research has demonstrated the value of macroeconomic analysis of the impact of influenza pandemics. However, previous modelling applications focus on high-income countries and there is a lack of evidence concerning the potential impact of an influenza pandemic on lower- and middle-income countries. To estimate the macroeconomic impact of pandemic influenza in Thailand, South Africa and Uganda with particular reference to pandemic (H1N1) 2009. A single-country whole-economy computable general equilibrium (CGE) model was set up for each of the three countries in question and used to estimate the economic impact of declines in labour attributable to morbidity, mortality and school closure. Overall GDP impacts were less than 1% of GDP for all countries and scenarios. Uganda's losses were proportionally larger than those of Thailand and South Africa. Labour-intensive sectors suffer the largest losses. The economic cost of unavoidable absence in the event of an influenza pandemic could be proportionally larger for low-income countries. The cost of mild pandemics, such as pandemic (H1N1) 2009, appears to be small, but could increase for more severe pandemics and/or pandemics with greater behavioural change and avoidable absence. © 2013 John Wiley & Sons Ltd.

  5. Macroeconomic Imbalances in the EU

    OpenAIRE

    Stefan Ederer; Peter Reschenhofer

    2013-01-01

    This paper aims to identify different growth patterns in the EU which led to the emergence of macroeconomic imbalances. It provides a detailed statistical picture of the evolution of various macroeconomic variables on the demand as well as on the supply side, before, in and after the financial and economic crisis of 2008/09. It investigates the causes and discusses various ’channels’ which led to macroeconomic imbalances by means of a descriptive analysis of the key determinants of macroecono...

  6. Water Demand Management Policy Brief No

    International Development Research Centre (IDRC) Digital Library (Canada)

    Bob Stanley

    Water Demand Management. Policy Brief No.2. Fair share: Water Demand Management can help provide fair access to water for the poor. Water Policy. Brief no.2. The Millennium Development Goals identify lack of clean water supply as a key factor in the lives of the poor. Eighty percent of poor people questioned in 20 ...

  7. Macroeconomic Determinants of Economic Growth: A Review of International Literature

    Directory of Open Access Journals (Sweden)

    Chirwa Themba G.

    2016-12-01

    Full Text Available The paper conducts a qualitative narrative appraisal of the existing empirical literature on the key macroeconomic determinants of economic growth in developing and developed countries. Much as other empirical studies have investigated the determinants of economic growth using various econometric methods, the majority of these studies have not distinguished what drives or hinders economic growth in developing or developed countries. The study finds that the determinants of economic growth are different when this distinction is used. It reveals that in developing countries the key macroeconomic determinants of economic growth include foreign aid, foreign direct investment, fiscal policy, investment, trade, human capital development, demographics, monetary policy, natural resources, reforms and geographic, regional, political and financial factors. In developed countries, the study reveals that the key macroeconomic determinants that are associated with economic growth include physical capital, fiscal policy, human capital, trade, demographics, monetary policy and financial and technological factors.

  8. The macroeconomics of vitreoretinal diseases.

    Science.gov (United States)

    Ko, George J; Brown, Melissa M; Brown, Gary C

    2005-06-01

    The purpose of this review is to examine the macroeconomics of vitreoretinal diseases. Approximately 6% of the Medicare Part B expenditure was spent on ocular diseases and 0.3% on vitreoretinal interventions. Among the 17,674 practicing ophthalmologists, 1849 (10.5%) designated themselves as specializing in the treatment of vitreoretinal diseases. Ophthalmologists receive 38% of their payments from Medicare; 13% of their total income were capitated. Age-related macular degeneration and diabetic retinopathy, two conditions commonly treated by vitreoretinal specialists, are projected to affect more than 10 million people in 2020. Vitreoretinal interventions account for only a small portion of the total health care expenditure. The rising demand from the aging population and health care costs will continue to put pressure on all physicians and society. The changes in the sources of payment and managed care will directly affect the economics of a physician's practice.

  9. Policy Pathways: Energy Management Programmes for Industry

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2012-09-06

    The IEA Policy Pathway publications provide details on how to implement specific recommendations drawn from the IEA 25 Energy Efficiency Policy Recommendations. This Policy Pathway, jointly produced by the International Energy Agency and the Institute for Industrial Productivity, develops the critical steps for policy makers implementing energy management programmes for industry. Optimising energy use in industry is essential to improve industrial competitiveness and achieve wider societal goals such as energy security, economic recovery and development, climate change mitigation and environmental protection.While there is significant potential to decrease energy consumption in this sector, opportunities to improve energy efficiency are still under-exploited. Energy management programmes have shown to be instrumental in addressing many of the barriers that inhibit wide-scale uptake of energy management in industry. The Policy Pathway builds on lessons learned from country experiences and provides actionable guidance on how to plan and design, implement, evaluate and monitor energy management programmes for industry.

  10. LBS Management Review: Editorial Policies

    African Journals Online (AJOL)

    Focus and Scope. The Lagos Business School Management Review is published by management professionals for practising managers without sacrificing academic standards. It carries articles on all aspects of management that reflect issues growing out of management research relevant to Africa and it provides ...

  11. Structuralist macroeconomics and the new developmentalism

    Directory of Open Access Journals (Sweden)

    Luiz Carlos Bresser-Pereira

    2012-09-01

    Full Text Available This paper first presents some basic ideas and models of a structuralist development macroeconomics that complements and actualizes the ideas of the structuralist development economics that was dominant between the 1940s and the 1960s. A system of three models focusing on the exchange rate (the tendency to the cyclical overvaluation of the exchange rate, a critique of growth with foreign savings, and new a model of the Dutch disease shows that it is not just volatile but chronically overvalued, and for that reason it is not just a macroeconomic problem; as a long term disequilibrium, it is in the core of development economics. Second, it summarizes "new developmentalism" - a sum of growth policies based on these models and on the experience of fast-growing Asian countries.

  12. Macroeconomic Effects of Export Demand in Nigeria

    Directory of Open Access Journals (Sweden)

    Bolaji Adesola Adesoye

    2017-05-01

    Full Text Available This study examines the macroeconomic effects of aggregate export demand in Nigeria using annual time series data between 1970 and 2013. The paper made use of the ordinary least square method to analyse the long-run relationship for the period under study. The empirical results confirm that there exists a unique and significant long-run equilibrium relationship among export volume, world income, crude oil price, domestic output, exchange rate and cost of doing business. The estimated results show that domestic income has the highest elasticity, followed by world’s output and cost of doing business, which all report positive relations. Other macroeconomic factors reported negative relationship with aggregate export volume. Thus, an important policy implication of our findings is that stabilizing Nigeria’s export earnings potential by counteracting the external factors that influence adversely the Nigerian exports such as crude oil price and cost of doing business.

  13. Monetary and Fiscal Policy Interactions and Limitations: The Need ...

    African Journals Online (AJOL)

    Lwati: A Journal of Contemporary Research ... This 'divorce' of monetary and debt management functions calls for the need for effective coordination of monetary and fiscal policy if overall economic ... Therefore an appropriate combination of monetary and fiscal policy mix is crucial for macroeconomic management.

  14. Nonlinearities in Behavioral Macroeconomics.

    Science.gov (United States)

    Gomes, Orlando

    2017-07-01

    This article undertakes a journey across the literature on behavioral macroeconomics, with attention concentrated on the nonlinearities that the behavioral approach typically suggests or implies. The emphasis is placed on thinking the macro economy as a living organism, composed of many interacting parts, each one having a will of its own, which is in sharp contrast with the mechanism of the orthodox view (well represented by the neoclassical or new Keynesian dynamic stochastic general equilibrium - DSGE - model). The paper advocates that a thorough understanding of individual behavior in collective contexts is the only possible avenue to further explore macroeconomic phenomena and the often observed 'anomalies' that the benchmark DSGE macro framework is unable to explain or justify. After a reflection on the role of behavioral traits as a fundamental component of a new way of thinking the economy, the article proceeds with a debate on some of the most relevant frameworks in the literature that somehow link macro behavior and nonlinearities; covered subjects include macro models with disequilibrium rules, agent-based models that highlight interaction and complexity, evolutionary switching frameworks, and inattention based decision problems. These subjects have, as a fundamental point in common, the use of behavioral elements to transform existing interpretations of the economic reality, making it more evident how irregular fluctuations emerge and unfold on the aggregate.

  15. Policies and strategies for radioactive waste management

    International Nuclear Information System (INIS)

    2009-01-01

    A policy for spent fuel and radioactive waste management should include a set of goals or requirements to ensure the safe and efficient management of spent fuel and radioactive waste in the country. Policy is mainly established by the national government and may become codified in the national legislative system. The spent fuel and radioactive waste management strategy sets out the means for achieving the goals and requirements set out in the national policy. It is normally established by the relevant waste owner or nuclear facility operator, or by government (institutional waste). Thus, the national policy may be elaborated in several different strategy components. To ensure the safe, technically optimal and cost effective management of radioactive waste, countries are advised to formulate appropriate policies and strategies. A typical policy should include the following elements: defined safety and security objectives, arrangements for providing resources for spent fuel and radioactive waste management, identification of the main approaches for the management of the national spent fuel and radioactive waste categories, policy on export/import of radioactive waste, and provisions for public information and participation. In addition, the policy should define national roles and responsibilities for spent fuel and radioactive waste management. In order to formulate a meaningful policy, it is necessary to have sufficient information on the national situation, for example, on the existing national legal framework, institutional structures, relevant international obligations, other relevant national policies and strategies, indicative waste and spent fuel inventories, the availability of resources, the situation in other countries and the preferences of the major interested parties. The strategy reflects and elaborates the goals and requirements set out in the policy statement. For its formulation, detailed information is needed on the current situation in the country

  16. Policy-Based Management Natural Language Parser

    Science.gov (United States)

    James, Mark

    2009-01-01

    The Policy-Based Management Natural Language Parser (PBEM) is a rules-based approach to enterprise management that can be used to automate certain management tasks. This parser simplifies the management of a given endeavor by establishing policies to deal with situations that are likely to occur. Policies are operating rules that can be referred to as a means of maintaining order, security, consistency, or other ways of successfully furthering a goal or mission. PBEM provides a way of managing configuration of network elements, applications, and processes via a set of high-level rules or business policies rather than managing individual elements, thus switching the control to a higher level. This software allows unique management rules (or commands) to be specified and applied to a cross-section of the Global Information Grid (GIG). This software embodies a parser that is capable of recognizing and understanding conversational English. Because all possible dialect variants cannot be anticipated, a unique capability was developed that parses passed on conversation intent rather than the exact way the words are used. This software can increase productivity by enabling a user to converse with the system in conversational English to define network policies. PBEM can be used in both manned and unmanned science-gathering programs. Because policy statements can be domain-independent, this software can be applied equally to a wide variety of applications.

  17. Teoria macroeconomica e politica monetaria:i contributi di Franco Modigliani e il dibattito in corso (Macroeconomic theory and monetary policy: contributions by Franco Modigliani and the ongoing debate

    Directory of Open Access Journals (Sweden)

    Lucas Papademos

    2012-04-01

    Full Text Available Nel presente articolo tratterò diversi temi di teoria macroeconomica e politica monetaria, ponendoli in relazione con i contributi e le idee di Franco Modigliani.
Mi soffermerò, in particolare, sulla struttura e sulle caratteristiche principali di impianti teorici capaci di descrivere in modo adeguato il ruolo della moneta nel contesto macroeconomico e gli effetti della politica monetaria sulla produzione aggregata e sul livello dei prezzi.
Uno di tali impianti, che riassumerà in sé i progressi teorici esaminati in precedenza, può essere ritenuto in linea con il punto di vista comune riguardo alle componenti fondamentali e al funzionamento del meccanismo di trasmissione della politica monetaria. Evidenzierò, inoltre, gli elementi di incertezza e le questioni irrisolte che sussistono riguardo ad alcune caratteristiche dinamiche e strutturali del modello.
Come secondo argomento, intendo trattare brevemente la natura e la solidità delle relazioni empiriche che legano importanti variabili economiche – quali il livello dei prezzi e la produzione aggregata – agli strumenti di politica monetaria.
Infine, mi soffermerò sulle conseguenze sia dell’impianto teorico macroeconomico come lo conosciamo attualmente, sia dei risultati empirici riguardo ai legami fra gli obiettivi e gli strumenti di politica monetaria per la scelta di un’adeguata strategia in questo ambito e per la sua efficace attuazione.    In this article will discuss several topics of macroeconomics and monetary policy and relate them with the contributions and ideas of Franco Modigliani. I will focus in particular on the structure and main features of theoretical systems able to adequately describe the role of money in the macroeconomic environment and the effects of monetary policy on aggregate output and the price level. One of these facilities, which will sum itself theoretical advances discussed above, can be considered in line with the common point

  18. Public management, policy capacity, innovation and development

    Directory of Open Access Journals (Sweden)

    Erkki Karo

    2014-03-01

    Full Text Available In this paper we discuss the question of what factors in development policy create specific forms of policy capacity and under what circumstances developmentoriented complementarities or mismatches between the public and private sectors emerge. We argue that specific forms of policy capacity emerge from three interlinked policy choices, each fundamentally evolutionary in nature: policy choices on understanding the nature and sources of technical change and innovation; on the ways of financing economic growth, in particular technical change; and on the nature of public management to deliver and implement both previous sets of policy choices. Thus, policy capacity is not so much a continuum of abilities (from less to more, but rather a variety of modes of making policy that originate from co-evolutionary processes in capitalist development. To illustrate, we briefly reflect upon how the East Asian developmental states of the 1960s-1980s and Eastern European transition policies since the 1990s led to almost opposite institutional systems for financing, designing and managing development strategies, and how this led, through co-evolutionary processes, to different forms of policy capacity.

  19. National policy on radioactive waste management

    International Nuclear Information System (INIS)

    Jova, Luis; Metcalfa, Phil; Rowata, John; Louvata, Didier; Linsley, Gordon

    2008-01-01

    Every country should have some form of policy and strategy for managing its spent fuel and radioactive waste. Such policies and strategies are important; they set out the nationally agreed position and plans for managing spent fuel and radioactive waste and are visible evidence of the concern and intent of the government and the relevant national organisations to ensure that spent fuel and radioactive waste are properly taken care of in the country. There is a large diversity in the types and amounts of radioactive waste in the countries of the world and, as a result of this diversity, the strategies for implementing the policies may be different, although the main elements of policy are likely to be similar from country to country. In some countries, the national policy and strategy is well established and documented, while in others there is no explicit policy and strategy statement and, instead, it has to be inferred from the contents of the laws, regulations and guidelines. The present paper describes the work undertaken by the International Atomic Energy Agency (IAEA) related to identifying the main elements of national policies for spent fuel and radioactive waste management, recognising that policies and strategies vary considerably depending on, among other things, the nature and scale of applications of radioactive material in a country. An indication is provided of what might be contained in national policies recognizing that national policy and strategy has to be decided at the national level taking into account national priorities and circumstances. The paper is concerned with the contents of policies and strategies and does not address the development of national laws, regulations and guidelines - although these are clearly related to the contents of the national policy and strategy. (author)

  20. Adjustment of macroeconomic imbalances

    Directory of Open Access Journals (Sweden)

    Georgeta Barbulescu

    2013-03-01

    Full Text Available The global financial and economic crisis was the factor that triggered the adjustment of macroeconomic imbalances accumulated in Romania. The current account deficit and budget deficit were two major structural imbalances that have created a high vulnerability for the economy and explained the extent of economic contraction in Romania during the economic crisis. This article identifies the main causes that lead to the need for fiscal adjustment both in the EU and in Romania, as well as main effects of adjustments in respect of their experience in recent years. The article deals with this topic, because the current topical debate in the field of fiscal adjustments implemented both in the EU and our country, and their need for economic activity aimed at economic recovery.

  1. Strategic management and public policy.

    Science.gov (United States)

    Longest, Beaufort B

    2003-01-01

    Making strategic decisions that ensure a productive fit between the internal situation and external environment of a healthcare entity--sometimes, even decisions that ensure its survival--is a great challenge. The author suggests that hospitals must adopt specific strategies to anticipate and respond appropriately to changes in policy.

  2. Water Management Policy in California

    DEFF Research Database (Denmark)

    Oh, Christina; Svendsen, Gert Tinggaard

    2015-01-01

    Using Olson’s 1965 logic of collective action and group theory, we argue that the “small group” of the “iron triangle” is able to collectively act to push for command-and-control regulations in Californian water policy. There are individual rent-seeking incentives in the small group because the p...

  3. UPM: unified policy-based network management

    Science.gov (United States)

    Law, Eddie; Saxena, Achint

    2001-07-01

    Besides providing network management to the Internet, it has become essential to offer different Quality of Service (QoS) to users. Policy-based management provides control on network routers to achieve this goal. The Internet Engineering Task Force (IETF) has proposed a two-tier architecture whose implementation is based on the Common Open Policy Service (COPS) protocol and Lightweight Directory Access Protocol (LDAP). However, there are several limitations to this design such as scalability and cross-vendor hardware compatibility. To address these issues, we present a functionally enhanced multi-tier policy management architecture design in this paper. Several extensions are introduced thereby adding flexibility and scalability. In particular, an intermediate entity between the policy server and policy rule database called the Policy Enforcement Agent (PEA) is introduced. By keeping internal data in a common format, using a standard protocol, and by interpreting and translating request and decision messages from multi-vendor hardware, this agent allows a dynamic Unified Information Model throughout the architecture. We have tailor-made this unique information system to save policy rules in the directory server and allow executions of policy rules with dynamic addition of new equipment during run-time.

  4. Long term radioactive waste management policy

    International Nuclear Information System (INIS)

    Andrei, V.; Glodeanu, F.; Dina, D.

    2001-01-01

    Radioactive waste management is a key issue of the environmental policy of any company. According to the Romanian Nuclear Act (Law 111/1996) and the Environmental Protection Act (Law 137/1996) the owner is responsible for the management of all radioactive waste effluents at the nuclear installations, including the technical and cost components. The developed policy incorporates the practice in the EU Member States and in the country of the plant supplier (Canada). On short term, the priorities of our radioactive waste management policy are to extend the spent fuel storage capacity using the dry storage technology. On long term the policy includes a facilities for L/ILW packaging for disposal in a new surface repository to be built on the Cernavoda NPP site. For HLW the interim storage for about 50 years will provide the necessary time to select and implement the geological disposal, in accordance with the best international practice. (authors)

  5. Policy, Profession and Public Management

    DEFF Research Database (Denmark)

    Kann-Christensen, Nanna; Balling, Gitte

    PUBLIC LIBRARIES TODAY AND IN A HISTORICAL CONTEXT. Nordic conference on public library research – Oslo December 9, 2010 2. Belfiore, E. (2004). Auditing Culture. International Journal of Cultural Policy, Vol 10, no 2, p.183 – 202. 3. Buschman, J. E. (2003). Dismantling the Public Sphere: Situating...... of resources in the public sector more controllable, legitimate and transparent (Jarlov & Melander, 2005). In cultural policy studies NPM has been criticized for focusing on quantitative output such as lending rates instead of focusing on the impact of cultural activities in society (Belfiore, 2004...... and sustaining librarianship in the age of the new public philosophy. Westport, Connecticut: Libraries Unlimited. 4. Elbeshausen, H. & Schreiber, T. (eds) (2006). Bibliotekarerne – en profession i et felt af viden, kommunikation og teknologi. København: Samfundslitteratur. 5. Jarlov, S., & Melander, P. (2005...

  6. Water Demand Management Policy Brief No

    International Development Research Centre (IDRC) Digital Library (Canada)

    Bob Stanley

    Water demand management ― WDM ― can be hard to define. More an issue of policy than of technology, it is about managing and moderating our demands for good quality fresh water. It is less a matter of piping and pumps and more a tool for changing the ways we use water and the rates at which we use it. In practice ...

  7. Asymmetric information and macroeconomic dynamics

    Science.gov (United States)

    Hawkins, Raymond J.; Aoki, Masanao; Roy Frieden, B.

    2010-09-01

    We show how macroeconomic dynamics can be derived from asymmetric information. As an illustration of the utility of this approach we derive the equilibrium density, non-equilibrium densities and the equation of motion for the response to a demand shock for productivity in a simple economy. Novel consequences of this approach include a natural incorporation of time dependence into macroeconomics and a common information-theoretic basis for economics and other fields seeking to link micro-dynamics and macro-observables.

  8. Microeconomic Uncertainty and Macroeconomic Indeterminacy

    OpenAIRE

    Fagnart, Jean-François; Pierrard, Olivier; Sneessens, Henri

    2007-01-01

    The paper proposes a stylized intertemporal macroeconomic model wherein the combination of decentralized trading and microeconomic uncertainty (taking the form of privately observed and uninsured idiosyncratic shocks) creates an information problem between agents and generates indeterminacy of the macroeconomic equilibrium. For a given value of the economic fundamentals, the economy admits a continuum of equilibria that can be indexed by the sales expectations of firms at the time of investme...

  9. 77 FR 31615 - Improving Mail Management Policies, Procedures, and Activities

    Science.gov (United States)

    2012-05-29

    ... ADMINISTRATION Improving Mail Management Policies, Procedures, and Activities AGENCY: Office of Governmentwide Policy, General Services Administration (GSA). ACTION: Notice of FMR Bulletin G-03. SUMMARY: The General... guidance to Executive Branch agencies for improving mail management policies, procedures, and activities...

  10. Eurozone Macroeconomic Framework: Reducing Internal and External Imbalances

    OpenAIRE

    Wood, richard

    2014-01-01

    This article reviews internal and external balance policy issues in the Eurozone. The Swan diagram is used as a framework for assessing the policy actions needed to simultaneously restore both internal and external balance in selected Eurozone countries. A critical assessment is provided of using unit labour costs as an indicator of external competitiveness. It is argued that current macroeconomic policy settings are contributing to declining incomes, rising unemployment, high public debt ...

  11. 12 CFR 563.161 - Management and financial policies.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 5 2010-01-01 2010-01-01 false Management and financial policies. 563.161... ASSOCIATIONS-OPERATIONS Financial Management Policies § 563.161 Management and financial policies. (a)(1) For... corporation must be well managed and operate safely and soundly. Each also must pursue financial policies that...

  12. MACROECONOMIC ASPECTS OF COMPETITIVENESS

    Directory of Open Access Journals (Sweden)

    Oleg Hooke

    2017-09-01

    Full Text Available In the process of globalization of world economic processes, the role of individual national economies increases, comparative advantages of the development of a country are formed, and their competitiveness is ensured. That is why it is worth emphasizing the importance of increasing the competitiveness of each individual country, based on its internal capacity. In a broad aspect, the competitiveness of the national economy is perceived as the ability of the country to ensure the balance of its external proportions and to avoid those constraints imposed by the foreign economic sphere, to self-organizing the improvement of their world economic ties. The competitiveness of the economy at the macro level is associated with the duration of the cycle of reproduction of the main productive assets and, accordingly, the jobs, productive forces of society and determined by the overall economic efficiency of investment. The criteria of competitiveness of the national economy are the growth of social productivity of labor, increase of social and economic efficiency of production and standard of living of the population. The competitiveness of the national economy determines sustainable socio-economic development of the country, as well as sustainable development predetermines the competitiveness of not only the country, but also all its levels. Scientific results are obtained using special methods of research of economic objects and phenomena, that is, based on the correlation and regressive, comparative analysis (establishing the relationship between the indicator factor, as well as economic modeling. Findings. Generalizing analysis and the importance of the macroeconomic aspect of competitiveness were used in the research paper, which will allow to better respond to the economic situation, in accordance with the trends of the “green” transformation of the economy; which in turn will solve important problems of the development and implementation of its

  13. CENTRAL BANK INDEPENDENCE AND MACROECONOMIC PERFORMANCES - AN EMPIRICAL APPROACH

    Directory of Open Access Journals (Sweden)

    Coroiu Sorina

    2011-07-01

    Full Text Available The empirical evidence upon the macroeconomic performances of the independent central banks do not always have been successfully. In some cases, the consistency of the indices based on the interpretation of central banks statues used for measuring the degree of central bank independence is controversial, particularly for some of the indices. Moreover, the correlations between central bank independence and macroeconomic performance variables are not always confirmed, the causal relationship between central bank independence and inflation is controversial, and the higher disinflation costs, as a result of a higher sacrifice ratio correlated with the degree of independence is controversial, too. The effects of central bank independence upon macroeconomic performances focalized upon the empirical evidence of inflation, output or economic grouth and the disinflation costs. This is due to the lack of studies vis - vis of relationship between central bank independence and macroeconomic performances regarding some variables like interest rates and budgetary deficits. Specialists consider inflation and output as the main determinats of the social welfare. The economic literature regarding this fact suggests that the central bank is seen as a free lunch institution. This hypothesis sustains that independent central banks will have social benefits in terms of lower inflation rates, but without any costs in terms of the real macroeconomic performances as a higher output volatility or a lower economic growth. In this article we provide a qualitative analyses regarding the relationship between central bank independence and macroeconomic performances. For this purpose the authors used the new index for measuring central bank independence and inflation targeting based on three pillars: political and legal central bank independence, central bank governance and conduct of monetary policy, central bank transparency and accountability. For estimating the

  14. Teaching Macroeconomics with a Computer Simulation. Final Report.

    Science.gov (United States)

    Dolbear, F. Trenery, Jr.

    The study of macroeconomics--the determination and control of aggregative variables such as gross national product, unemployment and inflation--may be facilitated by the use of a computer simulation policy game. An aggregative model of the economy was constructed and programed for a computer and (hypothetical) historical data were generated. The…

  15. Macroeconomic costs and benefits of a common currency for the ...

    African Journals Online (AJOL)

    Against the background and mixed results on the implications of adopting a common monetary policy framework, this study examined the macroeconomic costs and benefits of a common currency for the second West African Monetary Zone (WAMZ). Macroeconometric models based on a hybrid theoretical framework of the ...

  16. Macroeconomic Adjustment to the Lehman Shock in Japan

    Directory of Open Access Journals (Sweden)

    Kazumi Asako

    2010-06-01

    Full Text Available In this paper we overview the macroeconomic adjustment to the Lehman shock in Japan. After retrospecting the Japanese economy since the Plaza Accord which led Japan to the bubble economy and the 'lost decade' we explain the business cycles in Japan and show related macroeconomic indicators since as early as the 1980s. Then we trace the macroeconomic responses of the Japanese economy to the Lehman shock by selectively looking at such aspects as the contribution of GDP growth by expenditure components, from peak to trough of the CI(composite index, production and inventory adjustment, and employment adjustment. We also supplement our analyses by observing additional factors including export, investment, consumption, exchange rate, and the stock market. The roles played by policy measures and expectations formation are also emphasized to explain why and how the Japanese economy did not develop as forecasted against the 'once in a hundred years' crisis.

  17. University Education for Youth Empowerment: Policy/ Management ...

    African Journals Online (AJOL)

    Policy and management issues that inhibit quality university education for youth empowerment in Nigeria were discussed in this paper. These issues include access, gender disparity in enrolment, high enrolment growth, staff quality and quantity, funding, cultism and poor quality of infrastructure. Unless these issues are ...

  18. Technical considerations in materials management policy development

    International Nuclear Information System (INIS)

    Avci, H.; Goldberg, M.

    1996-01-01

    Under the Materials-in-Inventory (MIN) initiative, US DOE intends to develop policies to ensure that materials are managed and use efficiently, cost-effectively, and safely throughout DOE. The MIN initiative covers depleted uranium, scrap metals, chemicals, explosives, spent nuclear fuel, lead, alkali metals, etc.; by far the largest component is depleted uranium hexafluoride (DUF6). A technically defensible approach has been developed and is being used to select a long-term management strategy for DOE's DUF6 inventory. The same approach can be adapted to management of other materials in inventory that have the potential to be reutilized

  19. Economies: An Open Access Journal for the Field of Development Macroeconomics

    Directory of Open Access Journals (Sweden)

    Ralf Fendel

    2013-01-01

    Full Text Available Economies (ISSN 2227-7099 is a new international, peer-reviewed open access journal for the academic fields of development economics and macroeconomics. While the latter seems to be clearly defined, development economics is not, because it is related to nearly all traditional economic sub-disciplines such as macroeconomics, international trade and finance, as well as microeconomics and public finance. Typically, academic field journals of development economics cover all those economic sub-disciplines. Economies instead focuses mainly on the macroeconomic perspective of economic development and it intends to publish academic research that is of strong macroeconomic policy relevance. In general, contributions in Economies should foster understanding of the macroeconomic process of economic development, with the process of development not exclusively being reserved to what we typically call developing countries. Also, the group of developed economies is still developing in the sense of improving their living standards further.

  20. THE IMPACT OF MONETARY AND FISCAL POLICIES ON PUBLIC FINANCIAL MANAGEMENT

    Directory of Open Access Journals (Sweden)

    Loredana Ciurlău

    2012-01-01

    Full Text Available Fiscal policy is the main component of financial policy. Being a component of economic policy, taxation must lead to economic objectives. Maintaining equilibria macroeconomic cannot be blamed solely in charge of monetary policy, fiscal policy and that the revenue must have a role in support and to bear the load efforts to stabilise. Large deficits are dangerous for current account, because they are associated with a greater risk of producing an adjustment steep in the exchange rate and high volatility of exchange rate has major implications on the stability and macroeconomic monetary, in general. This means that countries should his election budgets so as to cope with growing demand from the private sector and to take necessary safeguard measures against potential crises, whereas the extent fiscal deficit contributes directly to the magnitude current account deficit.

  1. Does development finance pose an additional risk to monetary policy?

    Directory of Open Access Journals (Sweden)

    Haruna Issahaku

    2016-06-01

    Full Text Available This study investigates whether remittances entail extra risk for macroeconomic policy management and examines the role (if any that the financial system can play in the interaction between remittances and monetary policy. Employing panel data for 106 developing countries from 1970 to 2013, the results from our panel vector autoregressive (PVAR model reveal that remittance volatility reduces macroeconomic risk in developing countries while simultaneously stimulating a reduction in domestic interest rates. This finding remains robust to alternative specifications of remittance volatility and monetary policy risk and to variations in the degree of financial development. The key lesson from this study is that developing countries can leverage the positive impact of remittances in reducing macroeconomic instability by implementing policies that induce remittances.

  2. Towards a new vision of economic policy: Discussion around the new paradigm proposed by David Romer in “Keynesian macroeconomics without the LM curve”

    Directory of Open Access Journals (Sweden)

    Marco Leonardo Penagos Rozo

    2013-01-01

    Full Text Available New Keynesians (NK refer to an advanced posture compared to the traditional paradigm of the IS-LM equilibrium, which, as a tool, satisfied economic policy explanations for the moment. The model had critics like be considered not to have microeconomic foundations, among others. Perhaps at the times presented: Keynes, in 1936, with the General Theory, Hicks, in 1937, with Mr. Keynes and the classics; Samuelson in 1948 and subsequent years, with his work Economy, it provided important elements in the balance. However, a new approach was needed for the Twenty-First Century, and it is the one proposed by David Romer. The purpose of this article is to make an initial review for understanding how some aspects of economic policy are linked as elements of economic growth.

  3. Macroeconomic effects of efficiency policies for energy-intensive industries: the case of the UK Climate Change Agreements, 2000-2010

    International Nuclear Information System (INIS)

    Barker, T.; Foxon, T.

    2007-01-01

    This paper reports a study modeling the UK Climate Change Agreements (CCAs) and related energy-efficiency policies for energy-intensive industrial sectors. Bottom-up estimates of the effects of these policies are introduced into the energy-demand equations of a top-down dynamic econometric model of the UK economy with fifty industrial sectors, MDM-E3. This allowed estimation of the effects of the reduced energy use for the outputs from the sectors, i.e. the reductions in unit costs of the energy-intensive industries, on the demand for their outputs (both in the UK and in the export markets). The model is solved as a counterfactual 2000-2005 and as a projection 2005-2010 in a series of scenarios to allow estimation of the effects of the policies on inflation and growth, as well as on overall energy demand and CO 2 emissions. The system-wide final energy reductions is estimated to be 4.2 mtoe, or 2.6%, of total final demand for energy by 2010, including a rebound effect of 19%, with negligible effects on inflation and a slight increase in economic growth through improved international competitiveness. (author)

  4. DUAL MONETARY SYSTEM AND MACROECONOMIC PERFORMANCE IN INDONESIA

    Directory of Open Access Journals (Sweden)

    Sri Herianingrum

    2016-02-01

    Full Text Available This research aims to evaluate the impact of dual monetary policy shock on macroeconomic indicators of Indonesia: growth and inflation. In addition, this study will also examine whether conventional monetary policy has a particular impact upon Islamic banking sector. This research apply VAR (vector auto regressive method on monthly data from Bank Of Indonesia during the period of January 2010 to December 2013. The result of IRF explain that the interest rate channel find the hard way to accomplished the macroeconomic goals while the Islamic monetary instrument indicates the potential growth of output and hold the inflation low. The result of VDC describes that the Islamic instrument still affected by conventional monetary policy because of slow development in Islamic monetary systemDOI: 10.15408/aiq.v8i1.1990

  5. Essays in Education and Macroeconomics

    Science.gov (United States)

    Herrington, Christopher M.

    2013-01-01

    This dissertation consists of three essays on education and macroeconomics. The first chapter analyzes whether public education financing systems can account for large differences among developed countries in earnings inequality and intergenerational earnings persistence. I first document facts about public education in the U.S. and Norway, which…

  6. Forecasting Macroeconomic Labour Market Flows

    DEFF Research Database (Denmark)

    Wilke, Ralf

    2017-01-01

    Forecasting labour market flows is important for budgeting and decision-making in government departments and public administration. Macroeconomic forecasts are normally obtained from time series data. In this article, we follow another approach that uses individual-level statistical analysis...

  7. ABOUT MACROECONOMIC PURPOSE OF THE STRATEGIC DEVELOPMENT OF EFFECTIVE BALANCED MACROECONOMIC SYSTEMS

    Directory of Open Access Journals (Sweden)

    Sergey A. Vladimirov

    2015-01-01

    Full Text Available The purpose of this article is a theoretical substantiation of the possibility of DOS reaches the maximum possible public efficiencies of government spending, investments and taxes in perfect condition coordination bath open economic system. The proposed model can always bring in the ideal case («zero-loss" public effectively scope of public expenditure and investment to the maximum possible rate of economic growth, that allows you to substantiate the main directions of the relevant macroeconomic (fiscal, tax and budget policy.

  8. Strategic management and health workforce policy.

    Science.gov (United States)

    Valentine, J A

    2000-01-01

    Among the many consequences of health care restructuring is the impact such changes have on the training requirements for the health professions. Since workforce planning has been difficult and sometimes controversial in relatively stable times, it is likely to be even more problematic amid the turbulent changes ahead as the U.S. health care system restructures for the 21 century. Strategic management models emphasizing stakeholder involvement offer a middle ground between the extremes of government mandates and free markets by engaging a variety of participants with a stake in the planning outcome. The following report on the New Jersey effort to engage a variety of health care stakeholders in a participatory management process to shape the state physician workforce may provide useful insights for both managers and policy-makers.

  9. Territory and management of social policies

    Directory of Open Access Journals (Sweden)

    Aldaíza Sposati

    2013-12-01

    Full Text Available The article developed in three movements. The territory building is historical construction and distinguishes this reading of which treat the territory as a place, a coverage area under a given geographic boundary. Assigns key character that distinction for the examination of the relationship territory and social policy. Shows that she is not limited to location of social equipment, and distinguishes it from the social policies operation format without territory, whose management logic is standardized, have homogeneous character of procedures, with similarity to financial agencies operation. In the second movement puts in scene the relationship between institutional agents of social services and the citizens who use them for lives being him. Finally highlights the constituent elements of that relationship as: the recognition of heterogeneity as an expression of singular identities; and the territory trajectory constitution that focuses of living on it, and these influenced by these trajectories.

  10. The Management of Public Policy in Education

    Directory of Open Access Journals (Sweden)

    Madlena NEN

    2015-09-01

    Full Text Available Within this work I analyzed the run of the LLP Program LLP - Life-long Learning Program through the problems and objectives, as they appear in the Common decision of the Parliament and the Council of the European Union, decision related to the implementation of this program. I also referred to another aspect of integration “equation” into European structures, the objectives of education in the European Union, in the description of its social policy, continuing with the presentation of Community programs as an instrument of European public policy in education, strategic management of human resources, explaining the importance of developing human resources, of the impact of national and international programs on training of human resources, pending the establishment of directions for the development of integrated lifelong education program.

  11. Integrating policy-based management and SLA performance monitoring

    Science.gov (United States)

    Liu, Tzong-Jye; Lin, Chin-Yi; Chang, Shu-Hsin; Yen, Meng-Tzu

    2001-10-01

    Policy-based management system provides the configuration capability for the system administrators to focus on the requirements of customers. The service level agreement performance monitoring mechanism helps system administrators to verify the correctness of policies. However, it is difficult for a device to process the policies directly because the policies are the management concept. This paper proposes a mechanism to decompose a policy into rules that can be efficiently processed by a device. Thus, the device may process the rule and collect the performance statistics information efficiently; and the policy-based management system may collect these performance statistics information and report the service-level agreement performance monitoring information to the system administrator. The proposed policy-based management system achieves both the policy configuration and service-level agreement performance monitoring requirements. A policy consists of a condition part and an action part. The condition part is a Boolean expression of a source host IP group, a destination host IP group, etc. The action part is the parameters of services. We say that an address group is compact if it only consists of a range of IP address that can be denoted by a pair of IP address and corresponding IP mask. If the condition part of a policy only consists of the compact address group, we say that the policy is a rule. Since a device can efficiently process a compact address and a system administrator prefers to define a range of IP address, the policy-based management system has to translate policy into rules and supplements the gaps between policy and rules. The proposed policy-based management system builds the relationships between VPN and policies, policy and rules. Since the system administrator wants to monitor the system performance information of VPNs and policies, the proposed policy-based management system downloads the relationships among VPNs, policies and rules to the

  12. Public debt managers' behaviour: interactions with macro policies

    NARCIS (Netherlands)

    Hoogduin, L.; Öztürk, B.; Wierts, P.

    2010-01-01

    We investigate the evolution of public debt management, the policy behaviour of debt managers, and the impact of debt management on financial stability and monetary policy.The focus is on the euro area. Empirical estimations of a debt management reaction function indicate that the share of short

  13. Dual Monetary System and Macroeconomic Performance in Indonesia

    Directory of Open Access Journals (Sweden)

    Sri Herianingrum

    2016-02-01

    Full Text Available This research aims to evaluate the impact of dual monetary policyshock on macroeconomic indicators of Indonesia: growth and inflation. Inaddition, this study will also examine whether conventional monetary policy hasa particular impact upon Islamic banking sector. This research apply VAR (vectorauto regressive method on monthly data from Bank Of Indonesia during theperiod of January 2010 to December 2013. The result of IRF explain that theinterest rate channel find the hard way to accomplished the macroeconomic goalswhile the Islamic monetary instrument indicates the potential growth of outputand hold the inflation low. The result of VDC describes that the Islamic instrumentstill affected by conventional monetary policy because of slow development inIslamic monetary systemDOI: 10.15408/aiq.v8i1.2509

  14. New consensus macroeconomics and inflation targeting: Keynesian critique

    Directory of Open Access Journals (Sweden)

    Philip Arestis

    2008-12-01

    Full Text Available A number of countries have adopted Inflation Targeting (IT since the early 1990s in an attempt to reduce inflation to low levels. Since then, IT has been praised by most literature as a superior framework of monetary policy. We suggest that IT is a major policy prescription closely associated with the New Consensus Macroeconomics (NCM. This paper concentrates mainly on the IT aspects of the NCM. We address the theoretical foundations of IT. This is followed by an assessment of its theoretical foundations, where a number of aspects are discussed. We then turn our attention to an assessment of the empirical work on IT, where we distinguish the work that has been done utilising structural macroeconomic models, and work based in single equation techniques. The IT theoretical framework and the available empirical evidence do not appear to support the views of the proponents.

  15. Demographic structure and macroeconomic trends

    OpenAIRE

    Aksoy, Yunus; Basso, H.S.; Smith, Ronald; Grasl, Tobias

    2018-01-01

    We estimate the effect of changes in demographic structure on long term\\ud trends of key macroeconomic variables using a Panel VAR for 21 OECD economies from 1970-2014. The panel data variation assists the identification of demographic effects, while the dynamic structure,\\ud incorporating multiple channels of influence, uncovers long-term effects.\\ud We propose a theoretical model, relating demographics, innovation and\\ud growth, whose simulations match our empirical findings. The current\\ud...

  16. A DSGE-Based Assessment of Nonlinear Loan-to-Value Policies: Evidence from Hong Kong

    OpenAIRE

    Funke, Michael; Paetz, Michael

    2012-01-01

    In the wake of the 2008-2009 global financial crisis, the macroeconom-ic discussion has returned to the topic of proactive macroprudential policies. One proactive approach, the use of loan-to-value (LTV) policies to curb booming proper-ty markets, has long been used by Hong Kong’s monetary authorities to actively manage and mitigate the potential fallout from housing price bubbles. Here, we ana-lyse the merits of this countercyclical macroprudential policy in a New Keynesian DSGE model. We co...

  17. Thematic report: Macroeconomic models including specifically social and environmental aspects

    OpenAIRE

    Kratena, Kurt

    2015-01-01

    WWWforEurope Deliverable No. 8, 30 pages A significant reduction of the global environmental consequences of European consumption and production activities are the main objective of the policy simulations carried out in this paper. For this purpose three different modelling approaches have been chosen. Two macroeconomic models following the philosophy of consistent stock-flow accounting for the main institutional sectors (households, firms, banks, central bank and government) are used for...

  18. Energy management under policy and technology uncertainty

    International Nuclear Information System (INIS)

    Tylock, Steven M.; Seager, Thomas P.; Snell, Jeff; Bennett, Erin R.; Sweet, Don

    2012-01-01

    Energy managers in public agencies are subject to multiple and sometimes conflicting policy objectives regarding cost, environmental, and security concerns associated with alternative energy technologies. Making infrastructure investment decisions requires balancing different distributions of risks and benefits that are far from clear. For example, managers at permanent Army installations must incorporate Congressional legislative objectives, executive orders, Department of Defense directives, state laws and regulations, local restrictions, and multiple stakeholder concerns when undertaking new energy initiatives. Moreover, uncertainty with regard to alternative energy technologies is typically much greater than that associated with traditional technologies, both because the technologies themselves are continuously evolving and because the intermittent nature of many renewable technologies makes a certain level of uncertainty irreducible. This paper describes a novel stochastic multi-attribute analytic approach that allows users to explore different priorities or weighting schemes in combination with uncertainties related to technology performance. To illustrate the utility of this approach for understanding conflicting policy or stakeholder perspectives, prioritizing the need for more information, and making investment decisions, we apply this approach to an energy technology decision problem representative of a permanent military base. Highlights: ► Incorporate disparate criteria with uncertain performance. ► Analyze decisions with contrasting stakeholder positions. ► Interactively compare alternatives based on uncertain weighting. ► User friendly multi-criteria decision analysis (MCDA) tool.

  19. Environmental management: The bank's policy approach

    International Nuclear Information System (INIS)

    1992-01-01

    In order to play a leadership role in the environmental recovery of central and eastern Europe, the Bank will pursue the following policy priorities: assistance to the countries of operations in environmental policy formulation, including the development of effective legal and regulatory instruments, the adoption of appropriate emissions and effluents standards and the creation of the institutional and human resources capacity to monitor and enforce them; promoting the use of a variety of economic instruments to address the underlying cause of environmental degradation and the adoption of market-based techniques in environmental management programmes; encouraging the development of an environmental goods and services industry in the countries of operations, of commercially viable investments in environmental technologies and pollution prevention and control, and by funding environmental infrastructure projects; initiation of, or support for, special studies and programmes to address regional and national environmental problems and to promote environmental education within the population and institutions of the countries of operations; adoption of adequate environmental assessment, management planning, audit and monitoring procedures throughout its activities; and promoting the adoption and implementation of procedures for provision of information to, and consultation with, all levels of government and the general public - especially potentially affected parties - concerning environmental matters

  20. Undecidability in macroeconomics

    Science.gov (United States)

    Chandra, Siddharth; Chandra, Tushar Deepak

    1993-01-01

    In this paper we study the difficulty of solving problems in economics. For this purpose, we adopt the notion of undecidability from recursion theory. We show that certain problems in economics are undecidable, i.e., cannot be solved by a Turing Machine, a device that is at least as powerful as any computational device that can be constructed. In particular, we prove that even in finite closed economies subject to a variable initial condition, in which a social planner knows the behavior of every agent in the economy, certain important social planning problems are undecidable. Thus, it may be impossible to make effective policy decisions. Philosophically, this result formally brings into question the Rational Expectations Hypothesis which assumes that each agent is able to determine what it should do if it wishes to maximize its utility. We show that even when an optimal rational forecast exists for each agency (based on the information currently available to it), agents may lack the ability to make these forecasts. For example, Lucas describes economic models as 'mechanical, artificial world(s), populated by ... interacting robots'. Since any mechanical robot can be at most as computationally powerful as a Turing Machine, such economies are vulnerable to the phenomenon of undecidability.

  1. Macroeconomic Influences on Optimal Asset Allocation

    OpenAIRE

    Flavin, Thomas; Wickens, Michael R.

    2002-01-01

    We develop a tactical asset allocation strategy that incorporates the effects of macroeconomic variables. The joint distribution of financial asset returns and the macroeconomic variables is modelled using a VAR with a multivariate GARCH (M-GARCH) error structure. As a result, the portfolio frontier is time varying and subject to contagion from the macroeconomic variable. Optimal asset allocation requires that this be taken into account. We illustrate how to do this using three ri...

  2. Evaluating U.S. and EU Trans Sahel Policies

    Science.gov (United States)

    2013-03-01

    application of ownership; and second, aligning and harmonizing the results-based management. Given the strong imbalance between its demographic growth and...Treasury Department to assist the region’s macroeconomic policies. A large number of military exercises have been conducted since 2005 under the framework

  3. Agricultural Policy Analysis Studies in Tanzania: A Historical and ...

    African Journals Online (AJOL)

    This paper reviews studies which have addressed agricultural policy research in relation to Tanzania during and after economic structural adjustment, with some cross reference for studies within Africa and globally. The studies are reviewed to cover: factor markets; product markets; and macro-economic management in ...

  4. IMPACT OF GLOBALIZATION ON MACROECONOMIC POLICY

    OpenAIRE

    Clementina IVAN-UNGUREANU

    2008-01-01

    Globalization – the growing integration of economies and societies around the world – has been one of the most hotly-debated topics in international economics over the past few years. Rapid growth and poverty reduction in some countries that were poor 20 years ago have been positive aspects of globalization. But globalization has also generated significant international opposition to concerns about increased inequality and environmental degradation. There are many definitions of globalization...

  5. Immigration Policy and Macroeconomic Performances in France

    OpenAIRE

    d'Albis, Hippolyte; Boubtane, Ekrame; Coulibaly, Dramane

    2013-01-01

    This paper proposes a quantitative assessment of the interaction between the Gross Domestic Product (GDP) per capita and the unemployment rate, and permanent immigration in France over the period 1994-2008. It uses a new database where immigration is measured by the flow of issuing residence permits of more than one year to foreigners. The flow is distinguished by age, sex and nationality of the migrant and depends on the reason for issuing the permit. Estimation of vector autoregression mode...

  6. Radioactive waste management policy for nuclear power

    International Nuclear Information System (INIS)

    Andrei, V.; Glodeanu, F.; Simionov, V.

    1998-01-01

    Nuclear power is part of energy future as a clean and environmental friendly source of energy. For the case of nuclear power, two specific aspects come more often in front of public attention: how much does it cost and what happens with radioactive waste. The competitiveness of nuclear power vs other sources of energy is already proved in many developed and developing countries. As concerns the radioactive wastes treatment and disposal, industrial technologies are available. Even final solutions for disposal of high level radioactive waste, including spent fuel, are now fully developed and ready for large scale implementation. Policies and waste management strategies are established by all countries having nuclear programs. Once, the first nuclear power reactor was commissioned in Romania, and based on the national legal provisions, our company prepared the first issue of a general strategy for radioactive waste management. The general objective of the strategy is to dispose the waste according to adequate safety standards protecting the man and the environment, without undue burden on future generations. Two target objectives were established for long term: an interim spent fuel dry storage facility and a low and intermediate level waste repository. A solution for spent fuel disposal will be implemented in the next decade, based on international experience. Principles for radioactive waste management, recommended by IAEA are closely followed in the activities of our company. The continuity of responsibilities is considered to be very important. The radioactive waste management cost will be supported by the company. A tax on unit price of electricity will be applied. The implementation of radioactive waste management strategy includes as a major component the public information. A special attention will be paid by the company to an information program addressed to different categories of public in order to have a better acceptance of our nuclear power projects

  7. Application of Management Policies in the Processing of Member ...

    African Journals Online (AJOL)

    The study found a significant proportion of the respondents (NSSF staff) were generally familiar with the concept of management policy applied by NSSF. Secondly, management policies applied by NSSF included: customer service and corporate imaging (.727), change management (.605), human resource capacity ...

  8. 76 FR 9870 - Financial Management Policies-Interest Rate Risk

    Science.gov (United States)

    2011-02-22

    ... DEPARTMENT OF THE TREASURY Office of Thrift Supervision Financial Management Policies--Interest... concerning the following information collection. Title of Proposal: Financial Management Policies--Interest... managing their exposure to interest rate risk. To comply with this reporting requirement, institutions need...

  9. State policy affecting pain management: recent improvements and the positive impact of regulatory health policies.

    Science.gov (United States)

    Gilson, Aaron M; Maurer, Martha A; Joranson, David E

    2005-10-01

    Criteria-driven policy analysis resources from the University of Wisconsin Pain and Policy Studies Group (PPSG) evaluated drug control and professional practice policies that can influence use of controlled substances for pain management, and documented changes over a 3-year period. Additional research was needed to determine the extent of change, the types of messages contained in the policies, and what has contributed to changing policy content. Four research aims guided this study: (1) evaluate change between 2000 and 2003 of state policy that can affect pain relief, (2) describe content differences for statutes, regulations, guidelines, and policy statements, (3) evaluate differences between policies specific to pain management and policies governing general healthcare practice, and (4) compare content of policies specific to pain management created by healthcare regulatory boards to those created by state legislatures. Results showed that more current policies, especially policies regulating health professionals, tend to encourage pain management and avoid language that restricts professional decision-making and patient treatment. In addition, pain policies from healthcare regulatory boards were generally less restrictive than statutes or policies that govern general healthcare practice. These findings suggest that the positive policy change results primarily from state medical, pharmacy, and nursing boards adopting policies promoting pain management and the use of opioids, while containing few if any restrictions. Despite this improvement, further progress can be made when states continue to abrogate additional restrictions or clinically obsolete provisions from policies. PPSG policy evaluations provide guidance to lawmakers, healthcare regulators, and clinicians who are striving to achieve balanced policy, an attainable but redoubtable goal, to benefit patient care.

  10. New public management and policies of secrecy

    Directory of Open Access Journals (Sweden)

    Lise DEMAILLY

    2013-12-01

    Full Text Available Crossing a survey of literature in sociology of health and her own inquiries in the field of mental health, the author studies the historical change in policies of secrecy in health domains and specifically, in modern democracies, practical aporias opposing rights and duties to and towards secrecy, rights and duty to and towards transparency. The paper describes weakening of medical secret regarding legitimization of standards of transparency, coordination and evaluation supported by the New Public Management (NPM. Two forms of resistance against technocratic enforcement to publicizing are suggested. The first of these forms is the historical exception, nowadays vilified as out of date, of psychoanalysis bound to strict secret of the singular interview and building there a space for emancipation, preventing any governance of behavior by healthiness. The second one: some intentional and paradoxical break of secret can result in symbolic reversal against domination and shame.

  11. Government Policies Affecting Forests in Latin America: An Agenda for Discussion

    OpenAIRE

    Jan G. Laarman

    1995-01-01

    This paper identifies policy issues that affect the extent, distribution, and condition of forests in Latin America. Forest management policies are only one element in the framework; policies related to agricultural development and land tenure can have potentially negative consequences for forests. Mineral exploration, hydroelectric reservoirs, highway projects, and urban expansion also have impacts on forest conversion. Finally, macroeconomic policies affect forests through their impact on i...

  12. KCA Journal of Business Management: Editorial Policies

    African Journals Online (AJOL)

    ... Corporate governance, Finance, Management, Human, Resources management, Business research methods, Operations management, Public sector management, International business management, Management of information systems, Marketing, Organizational behavior, and E- Commerce The Journal seeks papers ...

  13. Macroeconomics in an open economy.

    Science.gov (United States)

    Cooper, R N

    1986-09-12

    The customary treatment of national economies as closed and self-contained must be substantially modified to allow for those economies that typically trade goods, services, and securities with other countries in increasing volume. Open economy macroeconomics is essential to understanding the major events of the U.S. economy over the past half dozen years. Both the sharp rise in the dollar and the unprecedentedly large U.S. trade deficit are linked to the U.S. budget deficit, as is the drop in the rate of inflation.

  14. The structuralist tradition in economics: methodological and macroeconomics aspects

    Directory of Open Access Journals (Sweden)

    FABRÍCIO MISSIO

    2015-06-01

    Full Text Available This paper examines the structuralist tradition in economics, emphasizing the role that structures play in the economic growth of developing countries. Since the subject at hand is evidently too large to cover in a single article, an emphasis has been brought to bear upon the macroeconomic elements of such a tradition, while also exploring its methodological aspects. It begins by analysing some general aspects of structuralism in economics (its evolution and origins associated with ECLAC thought, in this instance focusing on the dynamics of the center-periphery relationship. Thereafter, the macroeconomic structuralism derived from the works of Taylor (1983, 1991 is presented, followed by a presentation of neo-structuralism. Centred on the concept of systemic competitiveness, this approach defines a strategy to achieve the high road of globalization, understood here as an inevitable process in spite of its engagement being dependent on the policies adopted. The conclusions show the genuine contributions of this tradition to economic theory.

  15. Projection of macroeconomic indicators in SME sector by 2025

    Directory of Open Access Journals (Sweden)

    Stevanović Mirjana

    2016-01-01

    Full Text Available The paper is based on an analysis of companies and entrepreneurs who have made business (performed their activity in the period of 2010-2014. We also analyzed the number of entrepreneurs, micro, small and medium enterprises, number of employees, gross social value, exports, imports, number of importers and exporters. The aim of the paper is the projection of macroeconomic indicators by 2025 in the Republic of Serbia, with emphasis put onto improvement of business conditions with the aim of Serbian economy growth. The result of the research should show that the macroeconomic projections in the SME sector are on the path of recovery and growth, but they are conditional on the quality of fiscal policy, reforms implementation pace, financial incentives, and creating an environment whose ultimate goal would be strengthening of the private sector and creating even favorable business conditions.

  16. What Should be Taught in Intermediate Macroeconomics?

    Science.gov (United States)

    de Araujo, Pedro; O'Sullivan, Roisin; Simpson, Nicole B.

    2013-01-01

    A lack of consensus remains on what should form the theoretical core of the undergraduate intermediate macroeconomic course. In determining how to deal with the Keynesian/classical divide, instructors must decide whether to follow the modern approach of building macroeconomic relationships from micro foundations, or to use the traditional approach…

  17. Macroeconomic Volatility and Stock Market Volatility, Worldwide

    OpenAIRE

    Francis X. Diebold; Kamil Yilmaz

    2008-01-01

    Notwithstanding its impressive contributions to empirical financial economics, there remains a significant gap in the volatility literature, namely its relative neglect of the connection between macroeconomic fundamentals and asset return volatility. We progress by analyzing a broad international cross section of stock markets covering approximately forty countries. We find a clear link between macroeconomic fundamentals and stock market volatilities, with volatile fundamentals translating in...

  18. Review of Selected Macroeconomic Factors Impacting Building ...

    African Journals Online (AJOL)

    High prices of building materials had form a crucial constraint to improving construction procurement in Nigeria. The influence of the macro-economic indicators on this problem cannot be ruled out. This study therefore investigates the impact of macro-economic indicators on the prices of building materials with a view to ...

  19. QUALITY POLICY IN THE INTELLIGENT QUALITY MANAGEMENT SYSTEM

    Directory of Open Access Journals (Sweden)

    Michał MOLENDA

    2015-10-01

    Full Text Available The article describes the problems of one of the key elements of a quality management system which is the quality policy (QP. The quality policy is an element that determines how the quality management is managed in the organization. The phrase, present documents and the implementation of quality policy is the responsibility of top-level managers, resulting directly from the ISO 9000 standards. In the first part of the article the essence and the importance of quality policy for effective quality management is described. In the second part of the article there is a thorough description of a specially developed procedure for the establishment, implementation and monitoring of quality policy. The following procedure is based on years of experience of the author supported by the results of research, which aim was to create practices in the implementation and monitoring of quality policy in several business organizations. The approach presented in this article procedure is designed to assist managers in the development, implementation and monitoring of policy quality. The approach described as proper to the issue of the quality policy management staff will help in creating intelligent quality management system (IQMS. System, which will focus on permanent improvement based on the knowledge generated in the process of monitoring the implementation of quality policy.

  20. Policy, Procedures and Standards for Enterprise Information Management

    Science.gov (United States)

    This policy establishes a standard approach for managing information produced by, funded by, or received per regulated reporting and/or federal-wide requirements and subsequently held or cataloged in information management systems by EPA.

  1. Policies and Procedures for the Management of Electronic Records ...

    African Journals Online (AJOL)

    This article focuses on policies and procedures for the management of electronic records in Botswana, Namibia and South Africa. Using the data collected in 2003 and 2004 as part of the author's doctoral research, the article reports that policies and procedures for the management of electronic records were non-existent in ...

  2. Financial policies and performance of line managers in Universities ...

    African Journals Online (AJOL)

    This study analysed the effect of financial policies on the performance of line managers in Ugandan Universities. The field research was carried out in private and public universities. Every university had a financial policies so their line managers were expected to perform their duties effectively. The objectives of the study ...

  3. 76 FR 23646 - Financial Management Policies-Interest Rate Risk

    Science.gov (United States)

    2011-04-27

    ... DEPARTMENT OF THE TREASURY Office of Thrift Supervision Financial Management Policies--Interest... invite comments on the following information collection. Title of Proposal: Financial Management Policies... risk procedures, 12 CFR 563.176. The purpose of the regulation is to ensure that institutions are...

  4. Managing Water Demand : Policies, Practices and Lessons from the ...

    International Development Research Centre (IDRC) Digital Library (Canada)

    30 août 2005 ... Managing Water Demand : Policies, Practices and Lessons from the Middle East and North Africa Forums. Couverture du livre Managing Water Demand : Policies, Practices, and Lessons from the Middle. Auteur(s) : Ellysar Baroudy, Abderrafii Abid Lahlou, et Bayoumi Attia. Maison(s) d'édition :.

  5. Tourism policies and management practices as perceived by ...

    African Journals Online (AJOL)

    The findings of the study, inter alia, established that there were evidently negative perceptions of participation, management effectiveness, service delivery and the comprehension of related policies and strategies in the study areas. Keywords: Tourism, policies, planning, management, indigenous people, cultural tourism, ...

  6. Policy challenges for wildlife management in a changing climate

    Science.gov (United States)

    Mark L. Shaffer

    2014-01-01

    Try as it might, wildlife management cannot make wild living things adapt to climate change. Management can, however, make adaptation more or less likely. Given that policy is a rule set for action, policy will play a critical role in society’s efforts to help wildlife cope with the challenge of climate change. To be effective, policy must provide clear goals and be...

  7. Towards implementing a records management policy at the National ...

    African Journals Online (AJOL)

    Towards implementing a records management policy at the National University of Science and Technology. ... records management committee that will facilitate and present records management plans and budgets to the top university management; promote awareness through extensive training of all staff handling records ...

  8. Research in Hospitality Management: Editorial Policies

    African Journals Online (AJOL)

    Research in Hospitality Management is a peer-reviewed journal publishing papers that make an original contribution to the understanding of hospitality and ... resources management, financial management, marketing, strategic management, economics, business forecasting, information technology and development, ...

  9. The evolution of international policies and mechanisms to advance sustainable forest management and mitigate global climate change

    International Nuclear Information System (INIS)

    Bologna, J.; Lyke, J.; Theophile, K.

    1995-01-01

    Scientific findings regarding global climate change and deforestation led industrialized nations to bring both issues to the forefront of an international dialogue on the environment. International institutional attention to deforestation began in 1985 with the Tropical Forestry Action Program which helped countries develop plans for sustainable forest management. A few years later, the International Tropical Timber Organization, though designed to facilitate tropical timber trade, adopted guidelines for sustainable management of tropical production forests. Next, the activities before and after UNCED established a general set of forest principles and regional efforts to define sustainable forest management. The World Bank has also sought to reduce past lending failures that led to deforestation and other environmental degradation, through programmatic redirections and macro-economic policy reforms. Finally, through innovative financial incentives, industrialized and developing countries are identifying opportunities to offset debts and increase economic development without depleting forest resources. Collectively, these efforts have let to some trends that support sustainable forest management and mitigate climate change. The upcoming years will see a proactive set of multilateral programs to address deforestation, an increasing link between trade and the environment, and more uses of financial incentives to encourage sustainable forest management

  10. Risk Management as Strategic Change in National Homeland Security Policy

    Science.gov (United States)

    2007-09-01

    management framework under the NIPP, examines how implementation has been managed as strategic change through the lens of change management theory ...implementation has been managed as strategic change through the lens of change management theory , and offers recommendations for improvement. It is...framework been handled as strategic change in homeland security policy? How might change management theory and practice be applied to assess the

  11. The Actuality of Macroeconomic Imbalances

    Directory of Open Access Journals (Sweden)

    Cristina Burghelea

    2013-12-01

    Full Text Available Of all the current macroeconomic imbalances, the inflationary phenomenon is one of the most difficult to combat. In some countries, inflation was the main enemy of economic progress. The effects of this phenomenon are largely dependent on the intensity of expectations as well as on the ability to be kept under control by monetary authorities. Lately there has been a significant decline in inflation in both developed and developing countries, as well as increasing commitment of monetary authorities in obtaining the lowest rates of inflation. This article aims to analyze the pillars of direct inflation targeting strategy, prerequisites and developments of new directions of monetary, pointing to the experience of countries that have adopted inflation targeting strategy from 1990 to present.Capturing the coordinates of inflation targeting strategy in Romania tracked the factors that led to changing the previous strategy and prerequisites for adopting new strategies to combat inflation

  12. Modeling sustainable groundwater management: packaging and sequencing of policy interventions.

    Science.gov (United States)

    Esteban, Encarna; Dinar, Ariel

    2013-04-15

    Of the many studies estimating effectiveness of policy reforms most have been considering various types of policy reforms in isolation from each other. Such pattern has also been the case in water resource regulations. In the case of groundwater almost all policy interventions considered in the literature have been implemented individually, without taking into account the possible interactions and impacts among them. In this paper, we focus on two policy instruments: water quota and uniform water tax. The paper demonstrates how packaging and sequencing sets of policy interventions, with possible triggers to initiate their time of implementation, may be more effective in achieving a sustainable groundwater management than single policies when environmental externalities exist. The policy instruments are applied to the Western la Mancha aquifer in Southeast Spain, a major aquifer that is managed by a command and control approach. Copyright © 2013 Elsevier Ltd. All rights reserved.

  13. Using policy management for optical VPN

    Science.gov (United States)

    Cherkaoui, Omar; Chen, Ken; Serhouchni, Ahmed

    2001-10-01

    This paper presents a Policy-based Control Plane, which allows Carrier Optical Network to dynamically configure and deploy Optical Virtual Private Networks (Optical VPNs) over multiple administration domains. A configurable policy-based control mechanism is required to regulate and control the information propagation across both UNI and NNI interfaces and the actions allowed on behalf of the users. The proposed framework extend the ITU Control Plane by adding based IP-centric policy mechanisms like admission control protocol COPS (Common Open Policy Service).

  14. The Dilemmas over Credit Policy Management in a Company

    Directory of Open Access Journals (Sweden)

    Maria Gorczyńska

    2013-11-01

    Full Text Available Purpose of the article: The paper identifies the core dilemmas over the establishment of the credit policy in a company. It considers the general scope and basic stages of credit policy management and analyses each stage of credit policy in terms of decisive aspects. The main areas of concerns are discussed within the settlement of credit policy and its implementation with regard to the model of optimal credit policy. Scientific aim: The paper aims at constructing a unified model of issues rising dilemmas while setting and implementing the credit policy management. It also aims at identifying core decisive problems in each of these fields and at providing a structured questions framework. Methodology/methods: The paper is based on conceptual analysis and deduction of the literature and general review of issues related to credit policy management. It containts autors’ own view on the problems included in each stage of credit policy management. Findings: Credit policy management is a subject for numerous dilemmas. The main areas of concerns are related to: the decision about the goal of credit policy managemet with regard to its restrictiveness, the settlement of credit policy with regard to elements of credit policy, and finally the implementation with regard to the risk of bad debts occurrence. Conclusions: (limits, implications etc The establishment of credit policy in a company requires to balance contrary interests and thus involves wide variety of issues to be considered. The presented model of decisive problems might be applied in each company regardless to their size.

  15. Practicing natural resource management with a policy orientation

    Science.gov (United States)

    Clark, Tim W.

    1992-07-01

    All natural resource managers want to contribute to successful conservation programs. Having and applying an explicit policy orientation is indispensable. The policy sciences are described and a case is made that, if natural resource managers utilize this set of conceptual and applied tools in their natural resource work, their effectiveness could be enhanced. The policy sciences offer a contextual, problem-oriented, and multimethod approach to meeting complex problems. Two kinds of knowledge are needed to solve problems—substantive knowledge about the resource and process knowledge about the decision and policy processes used to derive courses of management action. The interplay of science, analysis, and politics are examined. The wildlife management community is used to illustrate many points, including the important role implementation plays in the overall policy process.

  16. Application of the IS-PC-MR model in the modern macroeconomics

    Directory of Open Access Journals (Sweden)

    Kalinić Ljubina

    2014-01-01

    Full Text Available In contemporary economic literature, very significant position takes 'new' neoclassical synthesis, which refers to the consensus about the role of monetary policy in the modern economy, the role of expectations, the importance of money and looking 'forward' by economic agents. For more than a half of century, IS-LM model was the main instrument of macroeconomic analysis. However, modern conditions have led to the situation where traditional IS-LM analysis is not applicable any more. Hence, a new, IS-PC-MR model is developed, and the research objective of the paper is to analyze the IS-PC-MR model as the basic tool of modern macroeconomics, which is able to explain the contemporary macroeconomic issues, with a focus primarily on the role of monetary policy during the shocks in the economy and inflation targeting.

  17. The New Public Management and gender equality policies in Universities

    Directory of Open Access Journals (Sweden)

    Cecilia Castaño Collado

    2016-12-01

    Full Text Available Gender equality policies at European universities have been introduced in the context of reforms of higher education aimed at the implementation of market logic in the management of higher education (New Public Management. Greater transparency and mechanisms of competitiveness could call into question the traditional systems of production and reproduction of male power in universities. This article analyzes the experience of some countries that have preceded Spain in the implementation of equality policies in parallel with policies of transparency and competitiveness. Our goal is to draw conclusions that are useful for public policy.

  18. Group Policy Fundamentals, Security, and the Managed Desktop

    CERN Document Server

    Moskowitz, Jeremy

    2010-01-01

    The ultimate Group Policy guide-now updated for Windows 7 and Server 2008 R2!. IT and network administrators can streamline their Windows Server management tasks by using Group Policy tools to automate or implement rules, processes, or new security across the enterprise. In this comprehensive guide, Microsoft Group Policy MVP Jeremy Moskowitz thoroughly explores Group Policy across all Windows platforms, including the latest on Windows 7 and Server 2008 R2. If you're a Windows network administrator managing scores of users and computers, you need this essential reference on your desk.: Covers

  19. Strategies for the automobile industry. Approaches in strategic management and industrial policy; Strategien fuer die Automobilindustrie. Ansatzpunkte im strategischen Management und in der Industriepolitik

    Energy Technology Data Exchange (ETDEWEB)

    Proff, H. [Mannheim Univ. (Germany). Lehrstuhl fuer Allgemeine Betriebswirtschaftslehre und Internationales Management; Proff, H.V. (eds.) [Technische Univ. Darmstadt (Germany). Fachgebiet Wirtschaftspolitik

    1998-07-01

    The book presents analyses of strategies for the automobile industry from the point of view of strategic management or industrial policy. The chapters based on the managerial approach elaborate and explain strategies for the future of specific functional areas in the automobile industry, as well as possible reactions to interventions from industrial policy in developing countries. The chapters taking the macroeconomic approach derive reactions to the managerial strategies adopted in various functional areas in industrial countries, as well as approaches in support of evolution of industrial structures in developing countries. The reactions and approaches are analysed and rated with respect to their goals of performance. (orig./CB) [German] Das Buch analysiert Strategien fuer die Automobilindustrie aus dem Blickwinkel des strategischen Managements und der Industriepolitik. Aus betriebswirtschaftlicher Sicht werden zukunftsorientierte Strategien einzelner Funktionsbereiche in der Automobilindustrie aufgezeigt und moegliche Reaktionen auf industriepolitische Eingriffe in sich entwickelnden Laendern diskutiert. Aus volkswirtschaftlicher Sicht werden Reaktionen auf die betrieblichen Funktionsbereichsstrategien in Industrielaendern und Ansaetze zur Foerderung des Aufbaus einer Industriestruktur in sich entwickelnden Laendern abgeleitet und hinsichtlich ihrer Erfolgsorientierung klassifiziert. (orig.)

  20. Macroeconomic dataset for generating macroeconomic volatility among selected countries in the Asia Pacific region

    Directory of Open Access Journals (Sweden)

    Yee Peng Chow

    2018-02-01

    Full Text Available This data article provides macroeconomic data that can be used to generate macroeconomic volatility. The data cover a sample of seven selected countries in the Asia Pacific region for the period 2004–2014, including both developing and developed countries. This dataset was generated to enhance our understanding of the sources of macroeconomic volatility affecting the countries in this region. Although the Asia Pacific region continues to remain as the most dynamic part of the world's economy, it is not spared from various sources of macroeconomic volatility through the decades. The reported data cover 15 types of macroeconomic data series, representing three broad categories of indicators that can be used to proxy macroeconomic volatility. They are indicators that account for macroeconomic volatility (i.e. volatility as a macroeconomic outcome, domestic sources of macroeconomic volatility and external sources of macroeconomic volatility. In particular, the selected countries are Malaysia, Thailand, Indonesia and Philippines, which are regarded as developing countries, while Singapore, Japan and Australia are developed countries. Despite the differences in level of economic development, these countries were affected by similar sources of macroeconomic volatility such as the Asian Financial Crisis and the Global Financial Crisis. These countries were also affected by other similar external turbulence arising from factors such as the global economic slowdown, geopolitical risks in the Middle East and volatile commodity prices. Nonetheless, there were also sources of macroeconomic volatility which were peculiar to certain countries only. These were generally domestic sources of volatility such as political instability (for Thailand, Indonesia and Philippines, natural disasters and anomalous weather conditions (for Thailand, Indonesia, Philippines, Japan and Australia and over-dependence on the electronic sector (for Singapore.

  1. Macroeconomic Determinants of Stock Market Development

    OpenAIRE

    Valeriano F. García; Lin Liu

    1999-01-01

    Using pooled data from fifteen industrial and developing countries from 1980 to 1995, this paper examines the macroeconomic determinants of stock market development, particularly market capitalization. The paper finds that: (1) real income, saving rate, financial intermediary development, and stock market liquidity are important determinants of stock market capitalization; (2) macroeconomic volatility does not prove significant; and (3) stock market development and financial intermediary deve...

  2. Macro-Economic Instability and Crime

    OpenAIRE

    Guillaumont, Patrick; Puech, Frédéric

    2011-01-01

    This paper adds to the literature on the economic determinants of crime by examining the impact of macro-economic instability. Instability increases the frustration level of individuals and incites them to smooth their income by using illegal earnings. Results from a panel of developed and developing countries for the period 1980-97 suggests that macro-economic instability had a significant impact on crime, both homicide and robbery. However, homicide and robbery do not react to instability i...

  3. Cosmetic surgery in times of recession: macroeconomics for plastic surgeons.

    Science.gov (United States)

    Krieger, Lloyd M

    2002-10-01

    Periods of economic downturn place special demands on the plastic surgeon whose practice involves a large amount of cosmetic surgery. When determining strategy during difficult economic times, it is useful to understand the macroeconomic background of these downturns and to draw lessons from businesses in other service industries. Business cycles and monetary policy determine the overall environment in which plastic surgery is practiced. Plastic surgeons can take both defensive and proactive steps to maintain their profits during recessions and to prepare for the inevitable upturn. Care should also be taken when selecting pricing strategy during economic slowdowns.

  4. Multiple Environmental Externalities and Manure Management Policy

    OpenAIRE

    Key, Nigel D.; Kaplan, Jonathan D.

    2007-01-01

    This paper considers the economic and environmental implications of regulating water and air nitrogen emissions under single and multi-environmental media policies in the U.S. hog industry. We examine tradeoffs from policies designed to correct an externality in one medium, when there are multiple environmental externalities. We separately and jointly analyze: (a) nitrogen land application restrictions consistent with recently adopted EPA requirements under the Clean Water Act, and (b) hypoth...

  5. Innovation policy for the Dutch energy transition Operationalising transition management?

    NARCIS (Netherlands)

    D.A. Loorbach (Derk); R. Kemp (René)

    2005-01-01

    textabstractThe term transition is a key term of the fourth national environmental policy plan (NMP4, 2001), which put forward transition management (Rotmans et al, 2000) as a new policy approach for dealing with persistent and highly complex societal problems such as climate change, loss of

  6. Starting the Conversation: University-Wide Research Data Management Policy

    Science.gov (United States)

    Erway, Ricky

    2013-01-01

    This call for action addresses the high-level benefits of adopting a university-wide policy regarding research data management. It identifies the various university stakeholders and suggests that the library initiate a conversation among them in order to get buy-in for a proactive, rather than reactive, high-level policy for responsible data…

  7. Development of GPS survey data management protocols/policy.

    Science.gov (United States)

    2010-08-01

    This project developed a statewide policy and criteria for collecting, analyzing, and managing global position system (GPS) survey data. The research project determined the needs of the Department in adopting the GPS real time kinetic (GPS RTK) stake...

  8. Update LADOTD policy on pile driving vibration management.

    Science.gov (United States)

    2012-02-01

    The main objective of this project was to update the current Louisiana Department of Transportation and Development (LADOTD) policy on pile driving vibration risk management with a focus on how to determine an appropriate vibration monitoring area. T...

  9. Towards Adaptive Management: Examining the Strategies of Policy Entrepreneurs in Dutch Water Management

    Directory of Open Access Journals (Sweden)

    Stijn Brouwer

    2011-12-01

    Full Text Available The growing awareness of the complexities and uncertainties in water management has put into question the existing paradigms in this field. Increasingly more flexible, integrated, and adaptive policies are promoted. In this context, the understanding of how to effect policy change is becoming more important. This article analyzes policy making at the micro level, focusing on the behavior of policy entrepreneurs, which we understand here as risk-taking bureaucrats who seek to change policy and are involved throughout the policy-change process. Policy entrepreneurs have received a certain level of attention in the adaptive co-management literature and the policy sciences in past decades. Yet, the understanding of the actions they can take to facilitate policy change remains limited. This study addresses this gap in focusing on the strategies that policy entrepreneurs employ in their efforts to effect policy change. The article draws on both theoretical exploration and in-depth field research on water management in the Netherlands, which included a series of semi-structured interviews and a focus group with policy entrepreneurs. We conclude that policy entrepreneurs employ four types of strategies: (1 attention and support-seeking strategies, to demonstrate the significance of a problem and to convince a wide range of participants about their preferred policy; (2 linking strategies, to link with other parties, projects, ideas, and policy games; (3 relational management strategies, to manage the relational factor in policy-change trajectories; and finally, (4 arena strategies, to influence the time and place wherein decisions are made. Our study suggests that by employing these strategies when the "time is right," the development of policy streams and consequently their coupling can, to some extent, be influenced and steered. In other words, policy entrepreneurs can, to a degree, prepare for a window of opportunity and hence direct policy change.

  10. Status of DOE defense waste management policy

    International Nuclear Information System (INIS)

    Oertel, K.G.; Scott, R.S.

    1983-01-01

    This paper very briefly traces the statutory basis for DOE management of atomic energy defense activity wastes, touches on the authority of the Federal agencies involved in the regulation of defense nuclear waste management, and addresses the applicable regulations and their status. This background sets the stage for a fairly detailed discussion of management and disposal strategies of the Defense Waste and Byproducts Management Program

  11. Monetary Policy in the Post Keynesian Theoretical Framework

    Directory of Open Access Journals (Sweden)

    FÁBIO HENRIQUE BITTES TERRA

    Full Text Available ABSTRACT The purpose of this contribution is to develop a Post Keynesian monetary policy model, presenting its goals, tools, and channels. The original contribution this paper develops, following (Keynes’s 1936, 1945 proposals, is the use of debt management as an instrument of monetary policy, along with the interest rate and regulation. Moreover, this paper draws its monetary policy model by broadly and strongly relying on Keynes’s original writings. A monetary policy model erected upon this basis relates itself directly to the Post Keynesian efforts to offer a monetary policy framework substantially different from the Inflation Targeting Regime of the New Macroeconomic Consensus.

  12. Earning Management and Dividend Policy: Evidence from Pakistani Textile Industry

    OpenAIRE

    Aurangzeb; Tasfoura Dilawer

    2012-01-01

    The aim of this research is to analyze the impact of earning management on dividend payout policy. This research is conducted by taking the data of textile industry from the year of 1966 to 2008. All the companies listed with Karachi Stock Exchange (KSE) are used as sample. Measurement of dividend policy is done by calculating dividend payout ratio. The dividend payout (DPO) is taken as a dependent variable and the earning management (EM) is taken as an independent variable, discretionary acc...

  13. African Journal of Management Research: Editorial Policies

    African Journals Online (AJOL)

    Department of Organisation and Human Resource Management, University of Ghana Business School. Bedman Narteh, PhD. Department of Marketing and Customer Management, University of Ghana Business School. Richard Boateng, PhD. Department of Operations and Management Information Systems, University of ...

  14. Macroeconomic Assessment of Voltage Sags

    Directory of Open Access Journals (Sweden)

    Sinan Küfeoğlu

    2016-12-01

    Full Text Available The electric power sector has changed dramatically since the 1980s. Electricity customers are now demanding uninterrupted and high quality service from both utilities and authorities. By becoming more and more dependent on the voltage sensitive electronic equipment, the industry sector is the one which is affected the most by voltage disturbances. Voltage sags are one of the most crucial problems for these customers. The utilities, on the other hand, conduct cost-benefit analyses before going through new investment projects. At this point, understanding the costs of voltage sags become imperative for planning purposes. The characteristics of electric power consumption and hence the susceptibility against voltage sags differ considerably among different industry subsectors. Therefore, a model that will address the estimation of worth of electric power reliability for a large number of customer groups is necessary. This paper introduces a macroeconomic model to calculate Customer Voltage Sag Costs (CVSCs for the industry sector customers. The proposed model makes use of analytical data such as value added, annual energy consumption, working hours, and average outage durations and provides a straightforward, credible, and easy to follow methodology for the estimation of CVSCs.

  15. Optimal Replacement and Management Policies for Beef Cows

    OpenAIRE

    W. Marshall Frasier; George H. Pfeiffer

    1994-01-01

    Beef cow replacement studies have not reflected the interaction between herd management and the culling decision. We demonstrate techniques for modeling optimal beef cow replacement intervals and discrete management policies by incorporating the dynamic effects of management on future productivity when biological response is uncertain. Markovian decision analysis is used to identify optimal beef cow management on a ranch typical of the Sandhills region of Nebraska. Issues of breeding season l...

  16. Causes and Effects in Macroeconomics: 2011 Nobel Prize Lecture in Economic Sciences

    Directory of Open Access Journals (Sweden)

    Shlair Abdulkhaleq Al-Zanganee

    2015-12-01

    Full Text Available Noble Laureates Thomas Sargent and Christopher Sims have been granted the 2011 Noble Prize in economic sciences in appreciation of their empirical research on causes and effects in macroeconomics. The controversy on causality in macroeconomics was discussed in both of Sargent’s and Sims’s 2011 Prize lectures. While Sargent attempts to use the economic theory to interpret some historical events in order to gain insights on some contemporary issues, such as sovereign defaults, federal bailouts, and the coordination of monetary and fiscal policies, Sims is emphasizing the importance of large-scale economic models and calling for more research to be done in that area.

  17. Knowledge Systems and Natural Resources: Management, Policy ...

    International Development Research Centre (IDRC) Digital Library (Canada)

    2007-10-31

    Oct 31, 2007 ... In recent years, knowledge systems have become a key area of concern for researchers, policy-makers, and development activists. Knowledge Systems and Natural Resources is a unique collection of case studies from Nepal. It provides rich and incisive insights into critical social processes and ...

  18. Effective Management for National or Local Policy Objectives?

    DEFF Research Database (Denmark)

    Winter, Søren; Skou, Mette; Beer, Frederikke

    This research considers the role of local policies and management in affecting street-level bureaucrats’ actions in implementing national policy mandates. The focus on sanctioning behavior by social workers provides a strong test of these effects, given that the behaviors are both visible and have...... consequential policy outcomes. We extend principal-agent theorizing to frame decisions by street-level bureaucrats as the result of a set of interlocking principal-agent chains that establish different information asymmetry problems. The setting is the implementation of a Danish welfare and employment policy...... workers with a better fit with the goals of the organization increases workers’ compliance with local policy goals, but only when these diverge from national ones! Increasing staff capacity and information provision have simpler effects in fostering more compliance with the national policy mandate among...

  19. Uncertainty-accounting environmental policy and management of water systems.

    Science.gov (United States)

    Baresel, Christian; Destouni, Georgia

    2007-05-15

    Environmental policies for water quality and ecosystem management do not commonly require explicit stochastic accounts of uncertainty and risk associated with the quantification and prediction of waterborne pollutant loads and abatement effects. In this study, we formulate and investigate a possible environmental policy that does require an explicit stochastic uncertainty account. We compare both the environmental and economic resource allocation performance of such an uncertainty-accounting environmental policy with that of deterministic, risk-prone and risk-averse environmental policies under a range of different hypothetical, yet still possible, scenarios. The comparison indicates that a stochastic uncertainty-accounting policy may perform better than deterministic policies over a range of different scenarios. Even in the absence of reliable site-specific data, reported literature values appear to be useful for such a stochastic account of uncertainty.

  20. Administrative Management by Objectives. Policy 2100.

    Science.gov (United States)

    East Allen County Schools, New Haven, IN.

    Management-by-objectives (MBO) focuses attention on objectives stated as end accomplishments rather than the activities which bring about those accomplishments. MBO identifies eight major areas of management which become involved in the process: (1) planning, (2) performance appraisal, (3) individual motivation, (4) coordination, (5) control, (6)…

  1. Information resources management for policy formulation ...

    African Journals Online (AJOL)

    This article discusses the findings of a study conducted on the state of information resources management (IRM) in government ministries in Tanzania. The purpose of the study was to investigate and establish the extent to which the information resources management in the ministries reflect and support the process of ...

  2. Influence of poverty on forest / forest management policies of Cross ...

    African Journals Online (AJOL)

    ... management of the forest as this would help to reduce the level of poverty. Also other sources of income and nutrition (example, fish and snail farming) apart from forest resources should be developed and encouraged. Keywords: rural poverty, forest management policies. Global Journal of Environmental Sciences Vol.

  3. Private Forests: Management and Policy in a Market Economy

    Science.gov (United States)

    Frederick W. Cubbage; Anthony G. Snider; Karen Lee Abt; Robert L. Moulton

    2003-01-01

    This chapter discusses privately owned forests and timber management in a market economy, including private property rights and tenure, landowner objectives and characteristics, markets, and government policies. Private forest land ownership and management-whether it be industrial or nonindustrial-is often assumed to represent the classic model of atomistic competition...

  4. Macroeconomic Dynamics of Assets, Leverage and Trust

    Science.gov (United States)

    Rozendaal, Jeroen C.; Malevergne, Yannick; Sornette, Didier

    A macroeconomic model based on the economic variables (i) assets, (ii) leverage (defined as debt over asset) and (iii) trust (defined as the maximum sustainable leverage) is proposed to investigate the role of credit in the dynamics of economic growth, and how credit may be associated with both economic performance and confidence. Our first notable finding is the mechanism of reward/penalty associated with patience, as quantified by the return on assets. In regular economies where the EBITA/Assets ratio is larger than the cost of debt, starting with a trust higher than leverage results in the highest long-term return on assets (which can be seen as a proxy for economic growth). Therefore, patient economies that first build trust and then increase leverage are positively rewarded. Our second main finding concerns a recommendation for the reaction of a central bank to an external shock that affects negatively the economic growth. We find that late policy intervention in the model economy results in the highest long-term return on assets. However, this comes at the cost of suffering longer from the crisis until the intervention occurs. The phenomenon that late intervention is most effective to attain a high long-term return on assets can be ascribed to the fact that postponing intervention allows trust to increase first, and it is most effective to intervene when trust is high. These results are derived from two fundamental assumptions underlying our model: (a) trust tends to increase when it is above leverage; (b) economic agents learn optimally to adjust debt for a given level of trust and amount of assets. Using a Markov Switching Model for the EBITA/Assets ratio, we have successfully calibrated our model to the empirical data of the return on equity of the EURO STOXX 50 for the time period 2000-2013. We find that dynamics of leverage and trust can be highly nonmonotonous with curved trajectories, as a result of the nonlinear coupling between the variables. This

  5. Public policy issues in nuclear waste management

    International Nuclear Information System (INIS)

    Nealey, S.M.; Radford, L.M.

    1978-10-01

    This document aims to raise issues and to analyze them, not resolve them. The issues were: temporal equity, geographic and socioeconomic equity, implementation of a nuclear waste management system, and public involvement

  6. Public policy issues in nuclear waste management

    Energy Technology Data Exchange (ETDEWEB)

    Nealey, S.M.; Radford, L.M.

    1978-10-01

    This document aims to raise issues and to analyze them, not resolve them. The issues were: temporal equity, geographic and socioeconomic equity, implementation of a nuclear waste management system, and public involvement.

  7. MACROECONOMIC DETERMINANTS OF BAD LOANS IN BALTIC COUNTRIES AND ROMANIA

    Directory of Open Access Journals (Sweden)

    Liliana DONATH

    2014-12-01

    Full Text Available The 2008–09 global crisis raised debates concerning the determinants of financial vulnerability. Among these, bad loans have been identified as significantly influencing financial imbalances. After a decade in which borrowing has constantly grown mainly because of the deregulation of financial markets, the crisis highlighted the importance of an effective credit risk management. The purpose of the paper is to study the evolution of bad loans ratio in relation with selected macroeconomic indicators in the Baltic countries (Estonia, Latvia and Lithuania and Romania.

  8. Relationship between macroeconomic aggregates and bank performance

    Directory of Open Access Journals (Sweden)

    Mitrović Ranka

    2016-01-01

    Full Text Available The aim of the paper is relations between some macroeconomic aggregates and performance of banks. This paper show analysis of trends in gross domestic product, exchange rates, interest rates, inflation load, developments in the balance of payments. On the business side, performance is achieved insight into the liquidity, capital adequacy, and the amount of non-performable loans. The aim of the research is to refute or confirm the interconnectedness of movement values of macroeconomic aggregates and bank performance. The analysis confirmed the association of two set variables. The negative value movements of macroeconomic aggregates directly or indirectly have an impact on the quality of performance of the banking sector. Therefore, it is necessary to define an adequate strategy of the economy, would not it safer to carry out the process of adapting to new developments in the market, such as the global financial crisis, the rise in unproductive enterprises, distrust customers etc.

  9. Macro-economic Impact Study for Bio-based Malaysia

    NARCIS (Netherlands)

    Meijl, van H.; Smeets, E.M.W.; Dijk, van M.; Powell, J.P.; Tabeau, A.A.

    2012-01-01

    This Macro-economic Impact Study (MES) provides quantitative insights into the macro-economic effects of introducing green, palmbased alternatives for electricity, fuels, chemicals and materials industries in Malaysia between now and 2030.

  10. A game theory analysis of green infrastructure stormwater management policies

    Science.gov (United States)

    William, Reshmina; Garg, Jugal; Stillwell, Ashlynn S.

    2017-09-01

    Green stormwater infrastructure has been demonstrated as an innovative water resources management approach that addresses multiple challenges facing urban environments. However, there is little consensus on what policy strategies can be used to best incentivize green infrastructure adoption by private landowners. Game theory, an analysis framework that has historically been under-utilized within the context of stormwater management, is uniquely suited to address this policy question. We used a cooperative game theory framework to investigate the potential impacts of different policy strategies used to incentivize green infrastructure installation. The results indicate that municipal regulation leads to the greatest reduction in pollutant loading. However, the choice of the "best" regulatory approach will depend on a variety of different factors including politics and financial considerations. Large, downstream agents have a disproportionate share of bargaining power. Results also reveal that policy impacts are highly dependent on agents' spatial position within the stormwater network, leading to important questions of social equity and environmental justice.

  11. School Improvement Policy--Site-Based Management

    Directory of Open Access Journals (Sweden)

    C. Kenneth Tanner

    1998-03-01

    Full Text Available Have administrative functions of principals changed in schools practicing site-based management (SBM with shared governance? To deal with this issue we employed the Delphi technique and a panel of 24 experts from 14 states. The experts, which included educational specialists, researchers, writers, and elementary school principals, agreed that the implementation of SBM dramatically influences the roles of the principal in management/administration and leadership. Data revealed that the elementary principal's leadership role requires specialized skills to support shared governance, making it necessary to form professional development programs that adapt to innovations evolving from the implementation of SBM.

  12. On Health Policy and Management (HPAM: Mind the Theory-Policy-Practice Gap

    Directory of Open Access Journals (Sweden)

    David Chinitz

    2014-12-01

    Full Text Available We argue that the field of Health Policy and Management (HPAM ought to confront the gap between theory, policy, and practice. Although there are perennial efforts to reform healthcare systems, the conceptual barriers are considerable and reflect the theory-policy-practice gap. We highlight four dimensions of the gap: 1 the dominance of microeconomic thinking in health policy analysis and design; 2 the lack of learning from management theory and comparative case studies; 3 the separation of HPAM from the rank and file of healthcare; and 4 the failure to expose medical students to issues of HPAM. We conclude with suggestions for rethinking the field of HPAM by embracing broader perspectives, e.g. ethics, urban health, systems analysis and cross-national analyses of healthcare systems.

  13. Water Demand Management Policy Brief No

    International Development Research Centre (IDRC) Digital Library (Canada)

    Bob Stanley

    Water demand management (WDM) programs have been widely implemented across the MENA region and elsewhere, with varying degrees of success. The criteria below are intended to help policymakers determine how best to develop institutions with the capacity and capability to design, implement and monitor WDM ...

  14. The macroeconomics of targeting: the case of an enduring epidemic.

    Science.gov (United States)

    Bell, Clive; Gersbach, Hans

    2009-01-01

    What is the right balance among policy interventions in order to ensure economic growth over the long run when an epidemic causes heavy mortality among young adults? We argue that, in general, policies to combat the disease and promote education must be concentrated, in certain ways, at first on some subgroups of society. This concentration involves what we term the macroeconomics of targeting. The central comparison is then between programs under which supported families enjoy the benefits of spending on health and education simultaneously (DT), and those under which the benefits in these two domains are sequenced (ST). When levels of human capital are uniformly low at the outbreak, DT is superior to ST if the mortality rate exceeds some threshold value. Outside aid makes DT more attractive; but DT restricts support to fewer families initially and so increases inequality. A summary account of the empirical evidence is followed by an application of the framework to South Africa.

  15. Analysis Of Japans Economy Based On 2014 From Macroeconomics Prospects

    Directory of Open Access Journals (Sweden)

    Dr Mohammad Rafiqul Islam

    2015-02-01

    Full Text Available Abstract Japan is the worlds third largest economy. But currently economic situations of Japan are not stable. It is not increasing as expected. Since 2013 it was world second largest economy but Japan loosed its placed to China in 2014 due to slow growth of important economic indicators. By using the basic Keynesian model we will provide a detailed analysis of the short and long run impacts of the changes for Japans real GDP rate of unemployment and inflation rate. We demonstrated a detailed use of the 45-degree diagram or the AD-IA model and other economic analysis of the macroeconomic principles that underlie the model and concepts. Finally we will recommend the government with a change in fiscal policy what based on the analysis by considering what might be achieved with a fiscal policy response and the extent to which any impact on the stock of public debt might be a consideration

  16. Reconstructing Macroeconomics Based on Statistical Physics

    Science.gov (United States)

    Aoki, Masanao; Yoshikawa, Hiroshi

    We believe that time has come to integrate the new approach based on statistical physics or econophysics into macroeconomics. Toward this goal, there must be more dialogues between physicists and economists. In this paper, we argue that there is no reason why the methods of statistical physics so successful in many fields of natural sciences cannot be usefully applied to macroeconomics that is meant to analyze the macroeconomy comprising a large number of economic agents. It is, in fact, weird to regard the macroeconomy as a homothetic enlargement of the representative micro agent. We trust the bright future of the new approach to macroeconomies based on statistical physics.

  17. INTERACTION OF MACROECONOMIC VARIABLES WITH STOCK PRICES

    Directory of Open Access Journals (Sweden)

    ALİ ÖZER

    2013-06-01

    Full Text Available The aim of this study is to determine whether there is a relationship between ISE 100 Index and some macroeconomic variables by using monthly data of January 1996 – December 2009. ISE 100 Index was used as dependent variable and interest rates, money supply, foreign trade equilibrium, industrial production index, gold prices, exchange rates, consumer price index were used as independent variables. Least squares estimation method, Johansen-Jeselius cointegration test, Granger causality test and variance decomposition results produced by VEC model were used in the study. These analysis show that there is a long run relationship between some macroeconomic variables and stock prices.

  18. Bussines strategy or bussines policy management applied in modern firms

    Directory of Open Access Journals (Sweden)

    Enea, C.

    2010-12-01

    Full Text Available In literature, the term widely used for all action levels of strategic management is that of strategy. For this reason, it is necessary to achieve a differentiation between corporate strategies (typical strategies, business strategies (with policies, operational strategies (business plans and operational strategies (programs and tactics.In the same context, strategies become the basis for the definition and implementation of policies, which differ by time horizon that is lower and their higher intake of detail. The latter are updated permanently, in order to remain set on, realistic, consistent with the changes that occur and detailing in concrete plans and programs as a logical scheme. So, strategic management is that management based on the application of strategies and policies with a view to setting and achieving goals.

  19. Integrated Management of Migration, Employment, Fiscal Policy and Public Debt

    Directory of Open Access Journals (Sweden)

    Aleksandras Vytautas Rutkauskas

    2013-09-01

    Full Text Available The main idea of the paper states that national migration indicators are closely related with employment opportunities in that country. In addition, the management quality of migration and employment processes is an indicator of the national socio-economic policy competency, while management of these processes is the main purpose of intelligent adjustment of the national fiscal policy and government debt management. The author of the paper selected the formation of the system of quantitative indicators as the main objective of the paper. The system should allow employing government debt possibilities for the selection of proper fiscal policy in order to prevent the transformation of unemployment into the key reason of uncontrolled national inflation. This would be done by revealing the possibilities of fiscal policy to impact on the level and structure of unemployment. Recent globalisation processes and integration possibilities bring a lot of uncertainty to predetermined viability of theoretical assumptions as well as the adequacy of the applied quantitative methods. The paper uses the possibilities of stochastic optimisation and stochastically informed expertise pursuing the possibilities of integrated management of employment, migration processes, fiscal policy and government debt provisions.

  20. Developing macroeconomic energy cost indicators

    International Nuclear Information System (INIS)

    Oberndorfer, Ulrich

    2012-01-01

    Indicators are more and more drawn on for policy making and assessment. This is also true for energy policy. However, while numerous different energy price figures are available, subordinate energy cost indicators are lacking. This paper lays out a general concept for such indicator sets and presents a flexible framework for representative and consistent energy cost indicators with an underlying weighting principle based on consumption shares. Their application would provide interesting new insights into the relationship between energy cost burdens of different sectors and countries. It would allow for more rigorous analysis in the field of energy economics and policy, particularly with regard to market monitoring and impact assessment as well as ex-post-policy analysis.

  1. Green Human Resource Management: Policies and practices

    Directory of Open Access Journals (Sweden)

    Shoeb Ahmad

    2015-12-01

    Full Text Available Recently, there has been observed an increasing awareness within business communities on the significance of going green and adopting various environment management techniques. As the corporate world is going global, the business is experiencing a shift from a conventional financial structure to a modern capacity-based economy which is ready to explore green economic facets of business. Today, Green Human Resource Management (GHRM has become a key business strategy for the significant organizations where Human Resource Departments play an active part in going green at the office. The paper largely focuses upon the various Green Human Resource Practices pursued by the organizations all over the world and, explains the simplified meaning of GHRM. The study also adds to the extant literature by discussing future direction of some GHRM functions. Finally, the paper suggests some potentially prolific HR initiatives for Green organizations.

  2. Macroeconomic instability: its causes and consequences for the economy of Ukraine

    Directory of Open Access Journals (Sweden)

    Natalia SKOROBOGATOVA

    2016-06-01

    Full Text Available The article deals with the concepts of appearance and elimination of macroeconomic instability, and the Keynesian approach for overcoming issues in Ukraine’s macroeconomic instability. Based on the Ukraine Statistics Service and World Bank data, Ukraine's economy tendencies have been defined: the country has not reached the pre-crisis economic level. The article identifies the reasons of negative balance payments and budget deficit: a decrease in production value, negative trade balance, growth of foreign creditor’s debt, currency instability, an increase in budget spending. The dynamics of income and expenditure within Ukraine budget has been analyzed, and also the destructiveness of existing approaches for the main financial documents has been grounded. Considering Ukraine’s economic and political situation, the main causes of macroeconomic instability are systematized. Government-implemented approaches for overcoming the macroeconomic instability have been suggested. The article introduces an approach for minimizing the negative effects on businesses, based on the timely identification of macroeconomic risks in terms of internal and external management. The possible negative impacts in case the timely decisions are not implemented have been assessed.

  3. Project network-oriented materials management policy for complex projects

    DEFF Research Database (Denmark)

    Dixit, Vijaya; Srivastava, Rajiv K; Chaudhuri, Atanu

    2015-01-01

    This work devises a materials management policy integrated with project network characteristics of complex projects. It proposes a relative quantitative measure, overall criticality (OC), for prioritisation of items based on penalty incurred due to their non-availability. In complex projects...... managerial tacit knowledge which provides them enough flexibility to provide information in real form. Computed OC values can be used for items prioritisation and as shortage cost coefficient in inventory models. The revised materials management policy was applied to a shipbuilding project. OC values were...... analysed to justify the importance of incorporating project network characteristics and potential cost savings were calculated...

  4. Overview of the spent fuel management policy in Finland

    International Nuclear Information System (INIS)

    Manninen, Jussi

    1985-01-01

    The basic factors affecting the spent fuel management policy are highlighted: small size of the nuclear programme in the worldwide scale, no recycling of plutonium envisaged, no governmental organizations for back-end operations foreseen. The prinsiple objective of the policy permanent disposal of high-level wastes irrevocably outside the domestic territory, and the limited success in its implementation are discussed. The preparations of the implementation of the back-up alternative, direct disposal of spent fuel in the Finnish bedrock are described. The basic philosophy behind the system of funding the future waste management costs is clarified. (author)

  5. Inflation, exchange rate and efficacy of monetary policy in Nigeria: The empirical evidence

    Directory of Open Access Journals (Sweden)

    BigBen Chukwuma Ogbonna

    2016-01-01

    1986 – 2008. Estimates from a vector auto regression model (VAR of key macroeconomic variables demonstrate the weak link between money supply and inflation in the both time horizons, which suggests that the hypothesis that money supply is not an effective policy instrument for management of inflationary developments cannot be rejected for Nigeria. The results further suggest that in both time horizons, exchange rate has been identified as a singular most promising macroeconomic fundamental for both internal and external sectors adjustments. However, the deregulation of the domestic economy as occasioned by SAP has significantly diluted the efficacy of exchange rate as a monetary policy instrument for the management of Nigeria’s aggregate money stock and trade balance developments. These notwithstanding, the Central Bank of Nigeria can continue to play a stabilizing role in the economy through the continuation of prudent monetary policies and frequent interventions in exchange rate management to smooth out shocks.

  6. Conflict management for managers resolving workplace, client, and policy disputes

    CERN Document Server

    Raines, Susan S

    2013-01-01

    "Raines masterfully blends the latest empirical research on workplace conflict with practical knowledge, skills, and tools to effectively manage and prevent a wide range of conflict episodes. This is a highly applicable 'top shelf book' that will assist anyone from the aspiring manager to top level management and leadership in the public, private, and nonprofit sectors. It will also be a fast favorite of professors, trainers, and students of business and conflict management."- Brian Polkinghorn, Distinguished Professor, Center for Conflict Resolution, Salisbury University. "With her broad dis

  7. Exit, Voice, and Loyalty in the Italian Public Health Service: Macroeconomic and Corporate Implications

    Science.gov (United States)

    Impagliazzo, Cira; Zoccoli, Paola

    2013-01-01

    The paper analyses how customers of public health organizations can express their dissatisfaction for the services offered to them. The main aim is to evaluate the effects that possible dissatisfaction of Italian public health service customers can have on public health organizations. We adopted the methodological scheme developed by Hirschman with exit, voice, and loyalty, considering the macroeconomic and corporate implications that it causes for Italian public health organizations. The study investigated the effects developed by exit of the patients on the system of financing of local health authorities considering both the corporate level of analysis and the macroeconomic level. As a result, local health authority management is encouraged to pay greater attention to the exit phenomena through the adoption of tools that promote loyalty, such as the promotion of voice, even if exit is not promoting, at a macroeconomic level, considerable attention to this phenomenon. PMID:24348148

  8. Exit, voice, and loyalty in the Italian public health service: macroeconomic and corporate implications.

    Science.gov (United States)

    Ippolito, Adelaide; Impagliazzo, Cira; Zoccoli, Paola

    2013-01-01

    The paper analyses how customers of public health organizations can express their dissatisfaction for the services offered to them. The main aim is to evaluate the effects that possible dissatisfaction of Italian public health service customers can have on public health organizations. We adopted the methodological scheme developed by Hirschman with exit, voice, and loyalty, considering the macroeconomic and corporate implications that it causes for Italian public health organizations. The study investigated the effects developed by exit of the patients on the system of financing of local health authorities considering both the corporate level of analysis and the macroeconomic level. As a result, local health authority management is encouraged to pay greater attention to the exit phenomena through the adoption of tools that promote loyalty, such as the promotion of voice, even if exit is not promoting, at a macroeconomic level, considerable attention to this phenomenon.

  9. 77 FR 64394 - Redelegation of Authority for Office of Field Policy and Management

    Science.gov (United States)

    2012-10-19

    ... by the Deputy Secretary, as necessary. B. Administrative Management. Each Regional Administrator is... for Office of Field Policy and Management AGENCY: Office of Field Policy and Management, HUD. [[Page... Secretary for Field Policy and Management redelegates certain operational management authority to the HUD...

  10. Stock market volatility and macroeconomic uncertainty

    NARCIS (Netherlands)

    Arnold, I.J.M.; Vrugt, E.B.

    2006-01-01

    This paper provides empirical evidence on the link between stock market volatility and macroeconomic uncertainty. We show that US stock market volatility is significantly related to the dispersion in economic forecasts from SPF survey participants over the period from 1969 to 1996. This link is much

  11. Essays on financial structure and macroeconomic performance

    NARCIS (Netherlands)

    Zhu, D.

    2006-01-01

    In addressing the matter, two essays study the effects of the debt vs. equity dimension of the financial structure on international consumption smoothing and macroeconomic volatility (in particular, economic downturns). Another essay evaluates the role of informal financial institution by looking

  12. The Readability of Principles of Macroeconomics Textbooks

    Science.gov (United States)

    Tinkler, Sarah; Woods, James

    2013-01-01

    The authors evaluated principles of macroeconomics textbooks for readability using Coh-Metrix, a computational linguistics tool. Additionally, they conducted an experiment on Amazon's Mechanical Turk Web site in which participants ranked the readability of text samples. There was a wide range of scores on readability indexes both among…

  13. Macroeconomic Forecasting Using Penalized Regression Methods

    NARCIS (Netherlands)

    Smeekes, Stephan; Wijler, Etiënne

    2016-01-01

    We study the suitability of lasso-type penalized regression techniques when applied to macroeconomic forecasting with high-dimensional datasets. We consider performance of the lasso-type methods when the true DGP is a factor model, contradicting the sparsity assumption underlying penalized

  14. Deregulation and Macroeconomic Drivers Of Foreign Direct ...

    African Journals Online (AJOL)

    Deregulation and Macroeconomic Drivers Of Foreign Direct Investment In Nigerian Agriculture (1970 -2009): An Econometric Analysis. ... The PDF file you selected should load here if your Web browser has a PDF reader plug-in installed (for example, a recent version of Adobe Acrobat Reader). If you would like more ...

  15. Essays on Technology and Forecasting in Macroeconomics

    Science.gov (United States)

    Samuels, Jon Devin

    2012-01-01

    The three chapters in this dissertation use disaggregated models and data to provide new insights on well-established questions in macroeconomics. In the first chapter, to analyze how productivity impacts the business cycle, I model aggregate production with a production possibility frontier that accommodates sector-and factor-biased productivity.…

  16. Macroeconomics and Human Development, by Deepak Nayyar

    Directory of Open Access Journals (Sweden)

    Cristiana Ioana ŞERBĂNEL

    2013-12-01

    Full Text Available Microeconomics and Human Development pursue to tackle both negative and positive effects of macroeconomics on human development and vice-versa through a series of external and internal factors. The book consists in a series of articles published in a prestigious publication: Journal of Human Development and Capabilities. The authors have a perennial echo in the economic field.

  17. Markov Trends in Macroeconomic Time Series

    NARCIS (Netherlands)

    R. Paap (Richard)

    1997-01-01

    textabstractMany macroeconomic time series are characterised by long periods of positive growth, expansion periods, and short periods of negative growth, recessions. A popular model to describe this phenomenon is the Markov trend, which is a stochastic segmented trend where the slope depends on the

  18. Financial globalisation and macroeconomic performance in Sub ...

    African Journals Online (AJOL)

    Financial globalisation and macroeconomic performance in Sub-Saharan Africa: Evidence from Nigeria. EK Ogunleye. Abstract. No Abstract. Full Text: EMAIL FULL TEXT EMAIL FULL TEXT · DOWNLOAD FULL TEXT DOWNLOAD FULL TEXT · http://dx.doi.org/10.4314/ajep.v15i1.44924 · AJOL African Journals Online.

  19. Influence of Macroeconomic Factors on Residential Property ...

    African Journals Online (AJOL)

    Sultan

    of macroeconomic on real estate pricing in. Greece between 1981-1999 and adopting multi- equation ... examine the determinants of property price return in New Zealand (1980-2007), and. 70. ATBU Journal of .... p = 95% confidence level of the target population q= 1-p e =Acceptable error Z = 1.96 (the standard normal.

  20. Macroeconomic narratives in a world of crises

    DEFF Research Database (Denmark)

    Urhammer, Emil; Røpke, Inge

    2013-01-01

    Since the financial crisis in 2008, a series of publications on macroeconomic responses to the compound crises of the economy and the environment have emerged. Under labels such as green new deal, green growth and the great transition, attempts at offering coherent responses to the crises have be...

  1. Recommendations on national radioactive waste management policies

    International Nuclear Information System (INIS)

    1981-01-01

    As a nation, we have learned that sound technical solutions to the problems of waste disposal cannot be carried out without public acceptance. The key to gaining the public's confidence is a process of decision making which is open and accessible to elected officials from all levels of government. The Council believes that such a process can be put in place through a renewal of the traditional principles of our federal system of government. State, local, and tribal officials must become working partners with the federal government in making the crucial decisions about how radioactive wastes will be handled, transported, and ultimately disposed. A workable and effective partnership must include, first the full sharing of information and plans regarding waste disposal activities among all levels of government and, second, the opportunity for state, local, and tribal governments to participate effectively in waste management decisions which affect their jurisdictions. Finally, althougcome this difficulty

  2. Policy gridlock in waste management: Balancing federal and state concerns

    International Nuclear Information System (INIS)

    Feldman, D.L.; Peretz, J.H.; Jendrucko, B.K.

    1993-01-01

    Current federal hazardous and low-level radioactive waste management policies fail to balance national concerns for policy consistency with state concerns for equity, discretion, and adequate resources. Failure to balance these competing values has resulted in open-quotes policy gridlockclose quotes - exemplified by conflicts over the Resource Conservation and Recovery Act and the Low-Level Radioactive Waste Policy Acts. Both conflicts have resulted in recent U.S. Supreme Court litigation. After reviewing federal-state conflict in hazardous and low-level radioactive waste management, we propose that the solution to gridlock lies in modifying conjoint federalism. Conjoint federalism allows for joint responsibility for waste policy between federal and state governments, with state programs meeting minimum standards set by federal programs. However, conjoint federalism does not currently allow for sufficient state discretion, which is paramount for successful waste management programs. Specifically, Congress should expand conjoint federalism, to allow states to charge differential fees on imported hazardous waste as is done for low-level radioactive waste. This expansion would encourage waste minimization and better interstate planning

  3. Policy gridlock in waste management: Balancing federal and state concerns

    Energy Technology Data Exchange (ETDEWEB)

    Feldman, D.L. [Oak Ridge National Lab., TN (United States); Peretz, J.H.; Jendrucko, B.K. [Univ. of Tennessee, Knoxville, TN (United States)

    1993-12-31

    Current federal hazardous and low-level radioactive waste management policies fail to balance national concerns for policy consistency with state concerns for equity, discretion, and adequate resources. Failure to balance these competing values has resulted in {open_quotes}policy gridlock{close_quotes} - exemplified by conflicts over the Resource Conservation and Recovery Act and the Low-Level Radioactive Waste Policy Acts. Both conflicts have resulted in recent U.S. Supreme Court litigation. After reviewing federal-state conflict in hazardous and low-level radioactive waste management, we propose that the solution to gridlock lies in modifying conjoint federalism. Conjoint federalism allows for joint responsibility for waste policy between federal and state governments, with state programs meeting minimum standards set by federal programs. However, conjoint federalism does not currently allow for sufficient state discretion, which is paramount for successful waste management programs. Specifically, Congress should expand conjoint federalism, to allow states to charge differential fees on imported hazardous waste as is done for low-level radioactive waste. This expansion would encourage waste minimization and better interstate planning.

  4. Policies, standards and managements associated with PG utilization

    Science.gov (United States)

    Chuan, L. M.; Zheng, H. G.; Zhao, J. J.; Wang, A. L.; Sun, S. F.

    2017-08-01

    With rapid growth in the production of high concentration phosphate and compound fertilizers in China, PG production is increasing every year. However, its utilization is not increasing at the same pace. Phosphogypsum is usually stored in such a way that not only it occupies lot of land, but also leads to minimal environmental pollution. This paper summarized the policies, standards and managements issues associated with PG utilization, and in order to help the PG utilization and management effectively.

  5. Policy Implementation beyond the Management of Change: A Case Study in Managing the Policy Process.

    Science.gov (United States)

    Welton, John; Evans, Jennifer

    Using the 1981 Education Act of England and Wales as a case study, this paper develops a conceptual framework of education legislation as a significant reference point in the process of negotiation and bargaining that initiates legislation and continues throughout the period of policy implementation. A model of the policy process and the…

  6. New Zealand Freshwater Management: Changing Policy for a Changing World

    Science.gov (United States)

    Rouse, H. L.; Norton, N.

    2014-12-01

    Fresh water is essential to New Zealand's economic, environmental, cultural and social well-being. In line with global trends, New Zealand's freshwater resources are under pressure from increased abstraction and changes in land-use which contribute contaminants to our freshwater systems. Recent central government policy reform introduces greater national direction and guidance, to bring about a step-change in freshwater management. An existing national policy for freshwater management introduced in 2011 requires regional authorities to produce freshwater management plans containing clear freshwater objectives (measurable statements about the desired environmental state for water bodies) and associated limits to resource use (such as environmental flows and quantity allocation limits, and loads of contaminants to be discharged). These plans must integrate water quantity and quality management, consider climate change, and incorporate tangata whenua (New Zealand māori) roles and interests. In recent (2014) national policy amendments, the regional authorities are also required to implement national 'bottom-line' standards for certain attributes of the system to be managed; undertake accounting for all water takes and all sources of contaminants; and to develop and implement their plans in a collaborative way with communities. This rapid change in national policy has necessitated a new way of working for authorities tasked with implementation; many obstacles lie in their path. The scientific methods required to help set water quantity limits are well established, but water quality methods are less so. Collaborative processes have well documented benefits but also raise many challenges, particularly for the communication of complex and often uncertain scientific information. This paper provides background on the national policy changes and offers some early lessons learned by the regional authorities implementing collaborative freshwater management in New Zealand.

  7. Environmental policy on radwaste management and disposal in China

    International Nuclear Information System (INIS)

    Zhao Yamin

    1993-01-01

    This paper introduces the environmental policy on radwaste management and disposal. In order to prevent different kinds of radwaste from polluting environment, ensure public health, and simultaneously promote the development of nuclear energy and nuclear technology, a set of environmental policies on radwaste management and disposal has been established. The major policy are as follows: (1) Solidifying the temporarily-stored radioactive liquid waste as early as possible. (2) Limiting the temporarily-stored time for intermediate-and low-level solidified radwaste, and solid radwaste. (3) Constructing regional disposal repository for Low and Intermediate level radwaste (L/ILW) (4) The radwaste and spent radiation sources arising from nuclear technology application shall be sent to the provincial waste repositories that are named City Radwaste Repository. (5) The radwaste coming from the development and application of inter-grown radioactive mineral resources should be stored in the dams which have to be provided

  8. Contaminants in Sludge: Implications for Management Policies and Land Application

    Energy Technology Data Exchange (ETDEWEB)

    Dentel, Steven K.

    2003-07-01

    Policies on sludge (or biosolids) management vary widely, particularly when decisions must be made on what to do with the final product. This paper examines the two principal rationales with which such decisions are made, and through which scientific knowledge is included in the process. These rationales are risk analysis (risk assessment and management), and the criterion of sustainability. Both are found to be potentially arbitrary due to the difficulty in defining the individual constituents necessary to relate environmental phenomena to environmental policy. To place the difficulties in a practical context, this paper presents research results from three recent projects concerned with contaminants in sludge (phosphorus, flocculant polymers, and polymer-surfactant aggregates), and uses the findings to exemplify the dilemma encountered in policy making. A path forward is proposed. (author)

  9. Tractable policy management framework for IoT

    Science.gov (United States)

    Goynugur, Emre; de Mel, Geeth; Sensoy, Murat; Calo, Seraphin

    2017-05-01

    Due to the advancement in the technology, hype of connected devices (hence forth referred to as IoT) in support of automating the functionality of many domains, be it intelligent manufacturing or smart homes, have become a reality. However, with the proliferation of such connected and interconnected devices, efficiently and effectively managing networks manually becomes an impractical, if not an impossible task. This is because devices have their own obligations and prohibitions in context, and humans are not equip to maintain a bird's-eye-view of the state. Traditionally, policies are used to address the issue, but in the IoT arena, one requires a policy framework in which the language can provide sufficient amount of expressiveness along with efficient reasoning procedures to automate the management. In this work we present our initial work into creating a scalable knowledge-based policy framework for IoT and demonstrate its applicability through a smart home application.

  10. A Semantic Based Policy Management Framework for Cloud Computing Environments

    Science.gov (United States)

    Takabi, Hassan

    2013-01-01

    Cloud computing paradigm has gained tremendous momentum and generated intensive interest. Although security issues are delaying its fast adoption, cloud computing is an unstoppable force and we need to provide security mechanisms to ensure its secure adoption. In this dissertation, we mainly focus on issues related to policy management and access…

  11. The politics of policy : participatory irrigation management in Andhra Pradesh

    NARCIS (Netherlands)

    Nikku, B.R.

    2006-01-01

    This thesis studies the emergence, process and politics of the Andhra Pradesh reform policy of Participatory Irrigation Management (PIM). The reform has been labeled as the 'A? model' of irrigation reforms and supported by external aid agencies like World Bank. Within a short span of time Andhra

  12. Road Transport Policy And Traffic Management In Nigeria ...

    African Journals Online (AJOL)

    It is in the light of the above consideration and context that this study; Road Transport policy and Traffic management in Nigeria, Directorate of Road Traffic Service (DRTS) Federal Capital Territory Abuja in Perspective can conveniently be situated. The study brings into focus for better appreciation, the important roles of the ...

  13. Survey-Based Measurement of Public Management and Policy Networks

    Science.gov (United States)

    Henry, Adam Douglas; Lubell, Mark; McCoy, Michael

    2012-01-01

    Networks have become a central concept in the policy and public management literature; however, theoretical development is hindered by a lack of attention to the empirical properties of network measurement methods. This paper compares three survey-based methods for measuring organizational networks: the roster, the free-recall name generator, and…

  14. Food security management Through Public Policy | Amani | African ...

    African Journals Online (AJOL)

    To this end, the paper argues that sectors other than agriculture should become prominent, thereby bringing to the fore issue such as employment generation, broad-based economic growth and sustainable development. In all of these good public policy is crucial. (Af. J. Finance and Management: 2002 11 (1): 1-15) ...

  15. Survey of buffer management policies for delay tolerant networks

    Directory of Open Access Journals (Sweden)

    Sweta Jain

    2014-04-01

    Full Text Available Delay tolerant networks (DTN are a class of networks that are a subset of the traditional mobile ad-hoc networks. It differs from mobile ad hoc networks (MANETs in the sense that it can withstand high delays in delivering data because of frequent network partitions, limited bandwidth and storage constraints persisting in such networks. Owing to these inherent characteristics of the delay tolerant networks improving delivery ratio in such networks depends on two main factors-use of routing strategy and a good buffer management policy. Many routing protocols have been proposed in the literature for DTN. Buffer management is a very important factor in DTN because of the very limited buffer space available in DTN nodes. Although a scheduling policy in DTN determines which message has to be forwarded first, the dropping policy decides which messages are to be dropped in case of buffer overflow. This Letter presents a survey of the existing buffer management policies proposed for DTN and discusses the pros and cons of these approaches. The buffer management techniques have been classified on the basis of information used by them whether they are based on local information of messages available at the node or global information of all the messages in the network.

  16. A study on macroeconomic cost of CCS in Korea

    Science.gov (United States)

    Kim, Ji-Whan; Kim, Yoon Kyung

    2015-04-01

    CCS is an important measure for mitigating the problem of World Climate Change and already several projects are entered the step of commercialization. The benefits of CCS implementation ultimately depends on the alleviation level of CO2 on earth because it is caused by the mitigation of the World Climate Change problem. Thus it is possible not to coincide at same time between starting the CCS and getting the benefits. Considering the high costs of CCS, the time mismatch between imposing the costs and getting the benefits is apt to impose some heavy burden on the individual national economy. For this reason, at the political decision-making, the policy makers should consider the macroeconomic effects. Meanwhile, Korean electricity market's supply side is comprised of competitive production and a sole distributor(public enterprise) and then electricity is supplied by a single price structure(administered pricing). Under this condition, if CCS is introduced to power setor, electric charges must be increased and production costs will go high. High production costs will have unfavourable effects on disposable income, price level, purchasing power and so on. In order to minimize these effects, policy makers have to consider the economic effects of introducing CCS. This study estimates the microscopic cost of CCS using ICCSEM 2.0 methodology made by CO2CRC and after that, the macroeconomic effects of introducing CCS is estimated on the basis of microscopic cost estimating results. The macroeconomic effects of CCS applied to Power Generation sector are estimated using macroeconometrics model and Input-Output analysis. A macroeconometrics model is an analytical tool designed to describe the operation of the national economy. This model is usually applied to examine the dynamics of aggregate quantities such as the total amount of goods and services produced, total income earned, the level of employment of productive resources, the level of prices and so forth. Introducing

  17. Router Agent Technology for Policy-Based Network Management

    Science.gov (United States)

    Chow, Edward T.; Sudhir, Gurusham; Chang, Hsin-Ping; James, Mark; Liu, Yih-Chiao J.; Chiang, Winston

    2011-01-01

    This innovation can be run as a standalone network application on any computer in a networked environment. This design can be configured to control one or more routers (one instance per router), and can also be configured to listen to a policy server over the network to receive new policies based on the policy- based network management technology. The Router Agent Technology transforms the received policies into suitable Access Control List syntax for the routers it is configured to control. It commits the newly generated access control lists to the routers and provides feedback regarding any errors that were faced. The innovation also automatically generates a time-stamped log file regarding all updates to the router it is configured to control. This technology, once installed on a local network computer and started, is autonomous because it has the capability to keep listening to new policies from the policy server, transforming those policies to router-compliant access lists, and committing those access lists to a specified interface on the specified router on the network with any error feedback regarding commitment process. The stand-alone application is named RouterAgent and is currently realized as a fully functional (version 1) implementation for the Windows operating system and for CISCO routers.

  18. Macroeconomic models, forecasting, and policymaking

    OpenAIRE

    Pescatori, Andrea; Zaman, Saeed

    2011-01-01

    Models of the macroeconomy have gotten quite sophisticated, thanks to decades of development and advances in computing power. Such models have also become indispensable tools for monetary policymakers, useful both for forecasting and comparing different policy options. Their failure to predict the recent financial crisis does not negate their use, it only points to some areas that can be improved.

  19. Environmental Policy Beliefs of Stakeholders in Protected Area Management

    Science.gov (United States)

    Hovardas, Tasos; Poirazidis, Kostas

    2007-04-01

    Although the importance of understanding stakeholder beliefs regarding environmental policy has been noted by many authors, research focusing on the heterogeneity of stakeholder views is still very scarce and concentrated on a product-oriented definition of stakeholders. The aim of the present study is to address this gap by examining environmental policy beliefs of stakeholder groups engaged in protected area management. Questionnaires containing 73 five-point Likert scale items were administered to eight different stakeholder groups involved in the management of Greek protected areas. Items referred to core beliefs on environmental policy, namely, the value framework and sustainable development, and secondary beliefs, that is, beliefs on social consensus and ecotourism development. Our study used as a starting point respondent recruitment on the basis of a traditional product-centered approach. We investigated whether environmental policy beliefs can be used to effectively segregate stakeholders in well-defined segments, which override the product-oriented definition of stakeholders. Indeed, K-means clustering revealed an innovation-introduction and an implementation-charged sample segment. The instrument utilized in this research proved quite reliable and valid in measuring stakeholder environmental policy beliefs. Furthermore, the methodology implied that stakeholder groups differ in a significant number of belief-system elements. On the other hand, stakeholder groups were effectively distinguished on a small set of both core and secondary beliefs. Therefore, the instrument used can be an effective tool for determining and monitoring environmental policy beliefs of stakeholders in protected area management. This is of considerable importance in the Greek case, given the recent establishment of 27 administrative bodies of protected areas, all of which are required to incorporate public consultation into management practices.

  20. The macroeconomic rebound effect and the world economy

    International Nuclear Information System (INIS)

    Barker, T.; Dagoumas, A.; Rubin, J.

    2009-01-01

    This paper examines the macroeconomic rebound effect for the global economy arising from energy-efficiency policies. Such policies are expected to be a leading component of climate policy portfolios being proposed and adopted in order to achieve climate stabilisation targets for 2020, 2030 and 2050, such as the G8 50% reduction target by 2050. We apply the global 'New Economics' or Post Keynesian model E3MG, developing the version reported in IPCC AR4 WG3. The rebound effect refers to the idea that some or all of the expected reductions in energy consumption as a result of energy-efficiency improvements are offset by an increasing demand for energy services, arising from reductions in the effective price of energy services resulting from those improvements. As policies to stimulate energy-efficiency improvements are a key part of climate-change policies, the likely magnitude of any rebound effect is of great importance to assessing the effectiveness of those policies. The literature distinguishes three types of rebound effect from energy-efficiency improvements: direct, indirect and economy-wide. The macroeconomic rebound effect, which is the focus of this paper, is the combination of the indirect and economy-wide effects. Estimates of the effects of no-regrets efficiency policies are reported by the International Energy Agency in World Energy Outlook, 2006, and synthesised in the IPCC AR4 WG3 report. We analyse policies for the transport, residential and services buildings and industrial sectors of the economy for the post-2012 period, 2013-2030. The estimated direct rebound effect, implicit in the IEA WEO/IPCC AR4 estimates, is treated as exogenous, based on estimates from the literature, globally about 10%. The total rebound effect, however, is 31% by 2020 rising to 52% by 2030. The total effect includes the direct effect and the effects of (1) the lower cost of energy on energy demand in the three broad sectors as well as of (2) the extra consumers' expenditure

  1. The macroeconomic rebound effect and the world economy

    Energy Technology Data Exchange (ETDEWEB)

    Barker, T.; Dagoumas, A. [Cambridge Centre for Climate Change Mitigation Research (4CMR), Department of Land Economy, University of Cambridge, 19 Silver Street, Cambridge, CB3 9PE (United Kingdom); Rubin, J. [School of Economics, University of Maine, 5782 Winslow Hall, Orono, ME 04469-5782 (United States)

    2009-11-15

    This paper examines the macroeconomic rebound effect for the global economy arising from energy-efficiency policies. Such policies are expected to be a leading component of climate policy portfolios being proposed and adopted in order to achieve climate stabilisation targets for 2020, 2030 and 2050, such as the G8 50% reduction target by 2050. We apply the global 'New Economics' or Post Keynesian model E3MG, developing the version reported in IPCC AR4 WG3. The rebound effect refers to the idea that some or all of the expected reductions in energy consumption as a result of energy-efficiency improvements are offset by an increasing demand for energy services, arising from reductions in the effective price of energy services resulting from those improvements. As policies to stimulate energy-efficiency improvements are a key part of climate-change policies, the likely magnitude of any rebound effect is of great importance to assessing the effectiveness of those policies. The literature distinguishes three types of rebound effect from energy-efficiency improvements: direct, indirect and economy-wide. The macroeconomic rebound effect, which is the focus of this paper, is the combination of the indirect and economy-wide effects. Estimates of the effects of no-regrets efficiency policies are reported by the International Energy Agency in World Energy Outlook, 2006, and synthesised in the IPCC AR4 WG3 report. We analyse policies for the transport, residential and services buildings and industrial sectors of the economy for the post-2012 period, 2013-2030. The estimated direct rebound effect, implicit in the IEA WEO/IPCC AR4 estimates, is treated as exogenous, based on estimates from the literature, globally about 10%. The total rebound effect, however, is 31% by 2020 rising to 52% by 2030. The total effect includes the direct effect and the effects of (1) the lower cost of energy on energy demand in the three broad sectors as well as of (2) the extra consumers

  2. Radwaste Management in Small Nuclear Country - National Policy and Strategy

    International Nuclear Information System (INIS)

    Zagar, Tomaz

    2014-01-01

    The lecture will briefly present the Slovene nuclear program and its legal framework focused on the radioactive waste management policy and strategy aspect. Slovenia is an example of small EU member state with small shared nuclear power program demonstrating safe, secure and efficient management of radioactive waste. Different principles of radioactive waste management will be discoursed; among others including: minimization of waste generation, the polluter pays principle, safe storage followed by final disposal and also new findings on research and development of storage, disposal and recycling of radioactive waste. (author)

  3. Incorporating evolutionary principles into environmental management and policy

    DEFF Research Database (Denmark)

    Lankau, Richard; Jørgensen, Peter Søgaard; Harris, David J.

    2011-01-01

    As policymakers and managers work to mitigate the effects of rapid anthropogenic environmental changes, they need to consider organisms’ responses. In light of recent evidence that evolution can be quite rapid, this now includes evolutionary responses. Evolutionary principles have a long history...... in conservation biology, and the necessary next step for the field is to consider ways in which conservation policy makers and managers can proactively manipulate evolutionary processes to achieve their goals. In this review, we aim to illustrate the potential conservation benefits of an increased understanding...... of evolutionary history and prescriptive manipulation of three basic evolutionary factors: selection, variation, and gene flow. For each, we review and propose ways that policy makers and managers can use evolutionary thinking to preserve threatened species, combat pest species, or reduce undesirable evolutionary...

  4. Tough Policies, Incredible Policies?

    OpenAIRE

    Andres Velasco; Alejandro Neut

    2003-01-01

    We revisit the question of what determines the credibility of macroeconomic policies here, of promises to repay public debt. Almost all thinking on the issue has focused on governments' strategic decision to default (or erode the value of outstanding debt via inflation/devaluation). But sometimes governments default not because they want to, but because they cannot avoid it: adverse shocks leave them no option. We build a model in which default/devaluation can occur deliberately (for strategi...

  5. Effect of beach management policies on recreational water quality.

    Science.gov (United States)

    Kelly, Elizabeth A; Feng, Zhixuan; Gidley, Maribeth L; Sinigalliano, Christopher D; Kumar, Naresh; Donahue, Allison G; Reniers, Adrianus J H M; Solo-Gabriele, Helena M

    2018-04-15

    When beach water monitoring programs identify poor water quality, the causes are frequently unknown. We hypothesize that management policies play an important role in the frequency of fecal indicator bacteria (FIB) exceedances (enterococci and fecal coliform) at recreational beaches. To test this hypothesis we implemented an innovative approach utilizing large amounts of monitoring data (n > 150,000 measurements per FIB) to determine associations between the frequency of contaminant exceedances and beach management practices. The large FIB database was augmented with results from a survey designed to assess management policies for 316 beaches throughout the state of Florida. The FIB and survey data were analyzed using t-tests, ANOVA, factor analysis, and linear regression. Results show that beach geomorphology (beach type) was highly associated with exceedance of regulatory standards. Low enterococci exceedances were associated with open coast beaches (n = 211) that have sparse human densities, no homeless populations, low densities of dogs and birds, bird management policies, low densities of seaweed, beach renourishment, charge access fees, employ lifeguards, without nearby marinas, and those that manage storm water. Factor analysis and a linear regression confirmed beach type as the predominant factor with secondary influences from grooming activities (including seaweed densities and beach renourishment) and beach access (including charging fees, employing lifeguards, and without nearby marinas). Our results were observable primarily because of the very large public FIB database available for analyses; similar approaches can be adopted at other beaches. The findings of this research have important policy implications because the selected beach management practices that were associated with low levels of FIB can be implemented in other parts of the US and around the world to improve recreational beach water quality. Copyright © 2018 Elsevier Ltd. All

  6. Towards adaptive management: examining the strategies of policy entrepreneurs in Dutch water management

    NARCIS (Netherlands)

    Brouwer, S.; Biermann, F.

    2011-01-01

    The growing awareness of the complexities and uncertainties in water management has put into question the existing paradigms in this field. Increasingly more flexible, integrated, and adaptive policies are promoted. In this context, the understanding of how to effect policy change is becoming more

  7. Educational management and policy in the globalization process

    Directory of Open Access Journals (Sweden)

    Myriam Feldfeber

    2007-09-01

    Full Text Available This work analyzes the main orientation of educational policies designed and implemented in the region within the so called “second generation state reforms”, in a context of growing inequality, fragmentation and social polarization. These reforms have been based, on the one hand, on the Knowledge Society Paradigm and the demand for competitive insertion in the global economy, and on the other, on strategies for poverty reduction and containment aimed at guaranteeing democratic governance in Latin American countries. In this vein, new forms of government and management of educational systems have been designed and implemented, that can be analyzed as new ways to regulate educational policy and action.

  8. Low carbon national strategy. A macro-economical assessment

    International Nuclear Information System (INIS)

    Baiz, Adam; Monnoyer-Smith, Laurence; Callonnec, Gael

    2016-11-01

    This publication briefly reports the use of the Three-ME model (Multi-sector Macroeconomic Model for the Evaluation of Environmental and Energy) to assess the combined effect of the several instruments mobilised for the transition towards a low carbon economy within the French National Low Carbon Strategy (SNBC). It first presents the Three-ME model which has been developed since 2008 by the OFCE and the Ademe, is a neo-Keynesian and hybrid model, and which comprises 14.000 equations and 70.000 parameters dealing with prices, interest rates, investments, salaries, foreign trade, State policy, a production function, and a consumption function. Some characteristics of the SNBC scenario are indicated, as well as those of a reference trend-based scenario. Obtained results are then briefly commented in terms of positive ecological and economic impacts of a carbon tax and of sector-based measures defined within the SNBC

  9. Macroeconomic Stability in a Model with Bond Transaction Services

    Directory of Open Access Journals (Sweden)

    Massimiliano Marzo

    2018-02-01

    Full Text Available Cochrane (2014 shows that high-powered money balances and short-term government bonds can be considered as perfect substitutes for the U.S economy during the past twenty years. We build on this claim and consider a variant of the standard cashless new-Keynesian model with two types of government bonds, which can be thought of as short- and long-term bonds. The first one has a macroeconomic role in the sense that it provides transaction services in addition to generating a yield. The other type of government bond pays only an interest rate. Consistent with previous findings, the Taylor principle is not a panacea for equilibrium determinacy in a model without money. When the government bond market matters beyond the need for fiscal solvency, monetary policy rules do not need to comply with the Taylor principle for unique equilibria to exist.

  10. Policy-Based mobility Management for Heterogeneous Networks

    DEFF Research Database (Denmark)

    Mihovska, Albena D.

    2007-01-01

    Next generation communications will be composed of flexible, scalable and context-aware, secure and resilient architectures and technologies that allow full mobility of the user and enable dynamic management policies that ensure end-to-end secure transmission of data and services across...... heterogeneous infrastructures and networks. This paper investigates the policybased mobility management scheme proposed for the WINNER system. The scheme is based on previously developed cooperation radio resource management (RRM) algorithms including mobility management, for the successful interworking...... of WINNER with new and legacy systems. The paper describes the cooperation architecture and mobility management functionalities and the rules that are applied for the support of mobility within the above scenarios. The rules are applied to solve problems such as: who and what can access which resources...

  11. Study on management policy of Biocides in Korea

    Energy Technology Data Exchange (ETDEWEB)

    Park, Jeong Kyu; Cho, Young Hee [Korea Environment Institute, Seoul (Korea)

    1999-12-01

    In the advanced countries, there are active studies on biocide, implying non-agricultural pesticides, at present with increasing interests on this. Among the advanced countries, Canada, Australia and New Zealand are managing biocides the most systematically and have very clear regulations and roles of relevant departments. In addition to efforts of each country, the international organizations are emphasizing the need of biocides management. EU already announced Biocidal Products Directive(BPD) in 1998 and is urging to implement regulations within a guidebook in member countries from 2000. Furthermore, OECD is well aware of biocides management trend of each member country and is planning to set up a specific management guide based on this. In this study, it recommends a biocides management policy in Korea with regulations, relevant departments, and regulation contents of biocides implemented in the advanced countries and regulation trend of biocides in Korea. 47 refs., 27 tabs.

  12. 41 CFR 102-74.10 - What is the basic facility management policy?

    Science.gov (United States)

    2010-07-01

    ... facility management policy? 102-74.10 Section 102-74.10 Public Contracts and Property Management Federal Property Management Regulations System (Continued) FEDERAL MANAGEMENT REGULATION REAL PROPERTY 74-FACILITY MANAGEMENT General Provisions § 102-74.10 What is the basic facility management policy? Executive agencies...

  13. Providing policy-relevant information for greenhouse gas management: Perspectives from science and technology policy research

    Science.gov (United States)

    Dilling, L.

    2009-12-01

    In the 12 years since the Kyoto Protocol was signed setting forth targets for greenhouse gas emissions from several nations, the number of policies, voluntary programs and commercial enterprises that have developed to manage carbon has grown exponentially. Many of these programs have occurred in a voluntary context, such as carbon trading, carbon offset programs, and climate registries . To date, no single, common system for accrediting, verifying and recording carbon credits has developed. Moreover, as the international community continues to negotiate the dimensions of an international agreement for the post-Kyoto time period, discussions still center on targets for fossil fuel emissions, biospheric carbon protection, and appropriate distribution of the burden of compliance globally. If carbon still remains the currency for discussion in a climate agreement, some type of effective measurement and verification system will be needed to ensure that commitments are being met. While entire volumes over the past decade have been written on what it is possible to observe about the carbon cycle and how to do so-- these tend to describe observations from the perspective of studying the carbon cycle to discover fundamental new knowledge. I will argue, however, that for the application under consideration in this session, i.e. a global greenhouse gas information system, it is essential to bring in the perspective of the policy and regulatory community. The needs of the scientific community for measuring the uncertainties in the global carbon cycle are not necessarily the same as those for the policy community. To ensure that such a system can serve a policy-relevant function, the scientific community must engage with policy makers, entrepreneurs, those who must comply, and others involved in constructing the policy framework. This paper will examine some of the key fundamentals that the policy community may be considering in designing a greenhouse gas monitoring system. I

  14. Economics and policies of nuclear plant life management

    International Nuclear Information System (INIS)

    Yamagata, H.

    1998-01-01

    NEA provides an opportunity for international exchange of information on the economics and policies of nuclear plant life management for governments and plant owners. The NEA Secretariat is finalising the 'state-of-the-art report' on the economics and policies of nuclear plant life management, including the model approach and national summaries. In order to meet power supply obligations in the early 2000, taking into account energy security, environmental impact, and the economics of nuclear power plants whose lives have been extended, initiatives at national level must be taken to monitor, co-ordinate, and support the various industry programmes of nuclear plant life management by integrated and consistent policies, public acceptance, R and D, and international co-operation. Nuclear power owners should establish an organisation and objectives to carry nuclear plant life management in the most economic and smoothest way taking into consideration internal and external influences. The organisation must identify the critical item and the ageing processes, and optimise equipment reliability and maintenance workload. (author)

  15. A Nuclear Waste Management Cost Model for Policy Analysis

    Science.gov (United States)

    Barron, R. W.; Hill, M. C.

    2017-12-01

    Although integrated assessments of climate change policy have frequently identified nuclear energy as a promising alternative to fossil fuels, these studies have often treated nuclear waste disposal very simply. Simple assumptions about nuclear waste are problematic because they may not be adequate to capture relevant costs and uncertainties, which could result in suboptimal policy choices. Modeling nuclear waste management costs is a cross-disciplinary, multi-scale problem that involves economic, geologic and environmental processes that operate at vastly different temporal scales. Similarly, the climate-related costs and benefits of nuclear energy are dependent on environmental sensitivity to CO2 emissions and radiation, nuclear energy's ability to offset carbon emissions, and the risk of nuclear accidents, factors which are all deeply uncertain. Alternative value systems further complicate the problem by suggesting different approaches to valuing intergenerational impacts. Effective policy assessment of nuclear energy requires an integrated approach to modeling nuclear waste management that (1) bridges disciplinary and temporal gaps, (2) supports an iterative, adaptive process that responds to evolving understandings of uncertainties, and (3) supports a broad range of value systems. This work develops the Nuclear Waste Management Cost Model (NWMCM). NWMCM provides a flexible framework for evaluating the cost of nuclear waste management across a range of technology pathways and value systems. We illustrate how NWMCM can support policy analysis by estimating how different nuclear waste disposal scenarios developed using the NWMCM framework affect the results of a recent integrated assessment study of alternative energy futures and their effects on the cost of achieving carbon abatement targets. Results suggest that the optimism reflected in previous works is fragile: Plausible nuclear waste management costs and discount rates appropriate for intergenerational cost

  16. Chronic disease management in primary care: from evidence to policy.

    Science.gov (United States)

    Dennis, Sarah M; Zwar, Nicholas; Griffiths, Rhonda; Roland, Martin; Hasan, Iqbal; Powell Davies, Gawaine; Harris, Mark

    2008-04-21

    To review the effectiveness of chronic disease management interventions for physical health problems in the primary care setting, and to identify policy options for implementing successful interventions in Australian primary care. We conducted a systematic review with qualitative data synthesis, using the Chronic Care Model as a framework for analysis between January 1990 and February 2006. Interventions were classified according to which elements were addressed: community resources, health care organisation, self-management support, delivery system design, decision support and/or clinical information systems. Our major findings were discussed with policymakers and key stakeholders in relation to current and emerging health policy in Australia. The interventions most likely to be effective in the context of Australian primary care were engaging primary care in self-management support through education and training for general practitioners and practice nurses, and including self-management support in care plans linked to multidisciplinary team support. The current Practice Incentives Payment and Service Incentives Payment programs could be improved and simplified to encourage guideline-based chronic disease management, integrating incentives so that individual patients are not managed as if they had a series of separate chronic diseases. The use of chronic disease registers should be extended across a range of chronic illnesses and used to facilitate audit for quality improvement. Training should focus on clear roles and responsibilities of the team members. The Chronic Care Model provides a useful framework for understanding the impact of chronic disease management interventions and highlights the gaps in evidence. Consultation with stakeholders and policymakers is valuable in shaping policy options to support the implementation of the National Chronic Disease Strategy in primary care.

  17. Health Policy and Management: In Praise of Political Science; Comment on “On Health Policy and Management (HPAM: Mind the Theory-Policy Practice Gap”

    Directory of Open Access Journals (Sweden)

    David J Hunter

    2015-06-01

    Full Text Available Health systems have entered a third era embracing whole systems thinking and posing complex policy and management challenges. Understanding how such systems work and agreeing what needs to be put in place to enable them to undergo effective and sustainable change are more pressing issues than ever for policy-makers. The theory-policy-practice-gap and its four dimensions, as articulated by Chinitz and Rodwin, is acknowledged. It is suggested that insights derived from political science can both enrich our understanding of the gap and suggest what changes are needed to tackle the complex challenges facing health systems.

  18. Health Policy and Management: in praise of political science. Comment on "On Health Policy and Management (HPAM): mind the theory-policy-practice gap".

    Science.gov (United States)

    Hunter, David J

    2015-03-12

    Health systems have entered a third era embracing whole systems thinking and posing complex policy and management challenges. Understanding how such systems work and agreeing what needs to be put in place to enable them to undergo effective and sustainable change are more pressing issues than ever for policy-makers. The theory-policy-practice-gap and its four dimensions, as articulated by Chinitz and Rodwin, is acknowledged. It is suggested that insights derived from political science can both enrich our understanding of the gap and suggest what changes are needed to tackle the complex challenges facing health systems. © 2015 by Kerman University of Medical Sciences.

  19. Technical assistance development soil management policy in Croatia

    Science.gov (United States)

    Spruyt, Eva; Helsen, Stefan; Hambach, Patrick; Cuyvers, Lars

    2014-05-01

    As from the first of July 2013, Croatia became a EU member country and therefore has to comply with all the EU-rules (the "acquis") as defined in the European Council in Copenhagen in 1993. One of the aspects of this acquis is the protection and conservation of the soil and groundwater and the remediation of contaminated sites that cause human and environmental risks. On behalf of the Department of Environment, Nature and Energy of the Flemish government together with the Public Waste Agency of Flanders(OVAM), ECOREM was assigned to carry out this study. The scope of this study therefore focuses on the aspect of soil management that can be divided into two main policies, beïng the policy for the prevention of soil contamination from new activities(1) and the policy for the management and remediation of historical soil contamination from local sources like industrial sites(2). To form a soil management policy, Croatia must start from the legal obligations enforced by the European Union. One of the European Directives regulating the monitoring and protection of soil and groundwater is the new Industrial Emission Directive ('IED' - 2010/78/EU) from the 24th of November 2010. Whereas the framework of the Directive is larger than contamination of soil , the focus of this study was limited to soil contamination only. In order to comply with the existing EU policy contributing to soil protection, the regulations in the IED, the Croatian government needs to adapt existing legislations or apply new regulations regarding soil monitoring for the industrial activities. Also other EU Directives enforce actions contributing to soil protection. Therefore, a questionnaire with different sorts of questions was sent to the different stakeholders (environmental institutes, agencies, ministries,…). The results were interpreted and allowed Ecorem, being the environmental consultant, to evaluate the gaps in the environmental and soil management policy. This study gives advice on how

  20. Policies for managing emergency medical services in mass casualty incidents.

    Science.gov (United States)

    Adini, B; Bodas, M; Nilsson, H; Peleg, K

    2017-09-01

    Diverse decision-making is needed in managing mass casualty incidents (MCIs), by emergency medical services (EMS). The aim of the study was to review consensus among international experts concerning policies of EMS management during MCIs. Applicability of 21 EMS policies was tested through a 2-cycle modified e-Delphi process, in which 38 multi-disciplinary experts from 10 countries participated. Threshold for approving proposed solutions was defined as consensus of >80%. Policies that did not achieve the targeted consensus were reviewed to detect variability according to respondents' origin country. 16 policies were endorsed in the first cycle including collaboration between ambulance service providers; implementing a unified mode of operation; preparing criteria for ground versus aerial evacuation; and, developing support systems for caregivers exposed to violence. An additional policy which proposed that senior EMS officers should not necessarily act as on-site MCI commanders was endorsed in the second cycle. Demographic breakdown of views concerning non-consensual policies revealed differences according to countries of origin. Assigning ambulances to off-duty team members was highly endorsed by experts from Israel and South Africa and strongly rejected by European respondents. Avoiding entry to risk areas until declared safe was endorsed by European, Asian and Oceanic experts, but rejected by Israeli, South African and North American experts. Despite uniqueness of countries and EMS agencies, solutions to most dilemmas were applicable to all organizations, regardless of location or affiliation. Cultural diversity was found concerning readiness to implement military-civilian collaboration in MCIs and a rigid separation between work-leisure responsibilities. Copyright © 2017 Elsevier Ltd. All rights reserved.

  1. Convergence in Macroeconomics: The Labor Wedge

    OpenAIRE

    Robert Shimer

    2009-01-01

    I review research on the behavior of the labor wedge, the ratio between the marginal rate of substitution of consumption for leisure and the marginal product of labor. According to competitive, market-clearing macroeconomic models, the ratio is easy to measure and should be equal to the sum of consumption and labor taxes. The observation that the wedge is higher in continental Europe than in the United States has proved useful for understanding the extent to which taxes can explain difference...

  2. Markov Trends in Macroeconomic Time Series

    OpenAIRE

    Paap, Richard

    1997-01-01

    textabstractMany macroeconomic time series are characterised by long periods of positive growth, expansion periods, and short periods of negative growth, recessions. A popular model to describe this phenomenon is the Markov trend, which is a stochastic segmented trend where the slope depends on the value of an unobserved two-state first-order Markov process. The two slopes of the Markov trend describe the growth rates in the two phases of the business cycle. This thesis deals with a Bayesian ...

  3. Econometric models for forecasting of macroeconomic indices

    OpenAIRE

    Sukhanova, E. I.; Shirnaeva, S. Y.; Mokronosov, A. G.

    2016-01-01

    The urgency of the research topic was stipulated by the necessity to carry out an effective controlled process by the economic system which can hardly be imagined without indices forecasting characteristic of this system. An econometric model is a safe tool of forecasting which makes it possible to take into consideration the trend of indices development in the past and their cause and effect interrelations. The aim of the article is to build econometric models for macroeconomic indices forec...

  4. Three essays in macroeconomics and finance

    OpenAIRE

    Pitschner, Stefan

    2016-01-01

    Examining Board: Professor Massimiliano Marcellino, Università Bocconi (Supervisor) Professor Fabrizio Coricelli, Paris School of Economics Professor Ayhan Kose, International Monetary Fund Professor Evi Pappa, European University Institute. Defence date: 16 June 2014 This thesis addresses three issues in the fields of macroeconomics and international finance. The first chapter examines how institutional investors, such as mutual funds and hedge funds, tend to transmit economic and f...

  5. Policy Adoption of Forest Management Unit: A Knowledge Diffusion Analysis

    Directory of Open Access Journals (Sweden)

    Julijanti Julijanti

    2014-09-01

    Full Text Available Within the policy adoption process of Forest Management Unit (FMU concept, there has been disagreement of stakeholders on FMUs concept. This disagreement is caused by the exchange of knowledge, information, and perception among stakeholders involved. The results of these interactions could speed up, slow down, and prevent the adoption process of FMU policy. The study objective was analyzing process of knowledge diffusion of FMUs development policy and stakeholders interaction in PFMU Batutegi and PFMU Kotaagung Utara, Indonesia. Adoption process was analyzed by the logical diffusion technique based on knowledge time of FMUs concept received and its interaction space. Social interaction among stakeholders was analyzed using method developed by International Development Studies analysis, i.e. interaction among discourse/narrative, actors/networks and politics/interests. The results showed that knowledge diffusion of FMUs concept in both PFMU tends to cascade diffusion. Factors was affecting of it process were network, role of opinion leaders, willingness to know, and understand on FMUs concept. Indicative strategy is needed as anticipating and overcoming an obstacle in its internalization process, i.e. harmonization of legislative and executive relationship, building an opinion the importance of FMU, and optimalizing network for bureaucratic problems. Keywords: Forest Management Unit, knowledge diffusion, network, policy adoption

  6. Integrating policy, disintegrating practice: water resources management in Botswana

    Science.gov (United States)

    Swatuk, Larry A.; Rahm, Dianne

    Botswana is generally regarded as an African ‘success story’. Nearly four decades of unabated economic growth, multi-party democracy, conservative decision-making and low-levels of corruption have made Botswana the darling of the international donor community. One consequence of rapid and sustained economic development is that water resources use and demands have risen dramatically in a primarily arid/semi-arid environment. Policy makers recognize that supply is limited and that deliberate steps must be taken to manage demand. To this end, and in line with other members of the Southern African Development Community (SADC), Botswana devised a National Water Master Plan (NWMP) and undertook a series of institutional and legal reforms throughout the 1990s so as to make water resources use more equitable, efficient and sustainable. In other words, the stated goal is to work toward Integrated Water Resources Management (IWRM) in both policy and practice. However, policy measures have had limited impact on de facto practice. This paper reflects our efforts to understand the disjuncture between policy and practice. The information presented here combines a review of primary and secondary literatures with key informant interviews. It is our view that a number of constraints-cultural, power political, managerial-combine to hinder efforts toward sustainable forms of water resources use. If IWRM is to be realized in the country, these constraints must be overcome. This, however, is no small task.

  7. Formation of strategy and policy of banking credit operations management

    Directory of Open Access Journals (Sweden)

    O.V. Lysenok

    2016-03-01

    Full Text Available The article examines the strategic management of credit operations as the activities on credit strategies of banking institutions, the formation of goals, objectives, and the choice of methods to achieve them. The basis of this is the strategic management analysis of the factors affecting the lending operations, strategic planning, communication mechanisms of strategic and tactical decisions, monitoring the implementation of the strategy and timely adjustments. For the purpose of effective implementation of the developed strategy, the article argues that banks in modern conditions should develop their own internal credit policy which should cover the essential elements and principles of credit at these banks. The study determines that the credit policy is based on the factors determined by the amount of capital assets and loan portfolio, the structure of its clientele, specialization, location, presence of branch network, the situation in the money market.

  8. Uncertainty in biodiversity science, policy and management: a conceptual overview

    Directory of Open Access Journals (Sweden)

    Yrjö Haila

    2014-10-01

    Full Text Available The protection of biodiversity is a complex societal, political and ultimately practical imperative of current global society. The imperative builds upon scientific knowledge on human dependence on the life-support systems of the Earth. This paper aims at introducing main types of uncertainty inherent in biodiversity science, policy and management, as an introduction to a companion paper summarizing practical experiences of scientists and scholars (Haila et al. 2014. Uncertainty is a cluster concept: the actual nature of uncertainty is inherently context-bound. We use semantic space as a conceptual device to identify key dimensions of uncertainty in the context of biodiversity protection; these relate to [i] data; [ii] proxies; [iii] concepts; [iv] policy and management; and [v] normative goals. Semantic space offers an analytic perspective for drawing critical distinctions between types of uncertainty, identifying fruitful resonances that help to cope with the uncertainties, and building up collaboration between different specialists to support mutual social learning.

  9. Link Before You Share: Managing Privacy Policies through Blockchain

    OpenAIRE

    Banerjee, Agniva; Joshi, Karuna Pande

    2017-01-01

    With the advent of numerous online content providers, utilities and applications, each with their own specific version of privacy policies and its associated overhead, it is becoming increasingly difficult for concerned users to manage and track the confidential information that they share with the providers. Users consent to providers to gather and share their Personally Identifiable Information (PII). We have developed a novel framework to automatically track details about how a users' PII ...

  10. Integrated pest management: theoretical insights from a threshold policy

    Energy Technology Data Exchange (ETDEWEB)

    Costa, Michel I. da Silveira [Laboratorio Nacional de Computacao Cientifica (LNCC), Petropolis, RJ (Brazil)], e-mail: michel@lncc.br; Faria, Lucas del B. [Universidade Federal de Lavras, MG (Brazil). Dept. de Biologia. Setor de Ecologia], e-mail: lucasdbf@gmail.com

    2010-01-15

    An Integrated Pest Management is formulated as a threshold policy. It is shown that when this strategy is applied to a food web consisting of generalist, specialist predators and endemic and pest prey, the dynamics can be stable and useful from the pest control point of view, despite the dynamical complexities inherent to the application of biocontrol only. In addition, pesticide toxicity depends rather on the species intrinsic parameters than on the chemical agent concentration. (author)

  11. Approaches and uncertainties in nutrient budgets; Implications for nutrient management and environmental policies

    NARCIS (Netherlands)

    Oenema, O.; Kros, J.; Vries, de W.

    2003-01-01

    Nutrient budgets of agroecosystems are constructed either (i) to increase the understanding of nutrient cycling, (ii) as performance indicator and awareness raiser in nutrient management and environmental policy, or (iii) as regulating policy instrument to enforce a certain nutrient management

  12. Social Impact Management Plans: Innovation in corporate and public policy

    International Nuclear Information System (INIS)

    Franks, Daniel M.; Vanclay, Frank

    2013-01-01

    Social Impact Assessment (SIA) has traditionally been practiced as a predictive study for the regulatory approval of major projects, however, in recent years the drivers and domain of focus for SIA have shifted. This paper details the emergence of Social Impact Management Plans (SIMPs) and undertakes an analysis of innovations in corporate and public policy that have put in place ongoing processes – assessment, management and monitoring – to better identify the nature and scope of the social impacts that might occur during implementation and to proactively respond to change across the lifecycle of developments. Four leading practice examples are analyzed. The International Finance Corporation (IFC) Performance Standards require the preparation of Environmental and Social Management Plans for all projects financed by the IFC identified as having significant environmental and social risks. Anglo American, a major resources company, has introduced a Socio-Economic Assessment Toolbox, which requires mine sites to undertake regular assessments and link these assessments with their internal management systems, monitoring activities and a Social Management Plan. In South Africa, Social and Labour Plans are submitted with an application for a mining or production right. In Queensland, Australia, Social Impact Management Plans were developed as part of an Environmental Impact Statement, which included assessment of social impacts. Collectively these initiatives, and others, are a practical realization of theoretical conceptions of SIA that include management and monitoring as core components of SIA. The paper concludes with an analysis of the implications for the practice of impact assessment including a summary of key criteria for the design and implementation of effective SIMPs. -- Highlights: • Social impact management plans are effective strategies to manage social issues. • They are developed in partnership with regulatory agencies, investors and community.

  13. Monetary Policy Drivers of Bond and Equity Risks

    OpenAIRE

    Luis Viceira; Carolin Pflueger; John Campbell

    2014-01-01

    How do monetary policy rules, monetary policy uncertainty, and macroeconomic shocks affect the risk properties of US Treasury bonds? The exposure of US Treasury bonds to the stock market has moved considerably over time. While it was slightly positive on average over the period 1960-2011, it was unusually high in the 1980s, and negative in the 2000s, a period during which Treasury bonds enabled investors to hedge macroeconomic risks. This paper develops a New Keynesian macroeconomic model wit...

  14. Macroeconomic level of technology transfer

    Directory of Open Access Journals (Sweden)

    Smirnova Nadezhda

    2016-04-01

    Full Text Available World practice of economic management has proved that the best indicator of competitiveness is achieved by that economic system, the economic units of which timely and adequately update the resource and technical base, thus achieving higher financial and economic indicators. Ensuring that sustainable development becomes possible due to the transfer of technological innovations, namely the diffusion from the developer to the customer on both commercial and free of charge basis. The article focuses on functioning of technology transfer at the macro level, namely the creation of its domestic models.

  15. Portfolio Sensitivity Model for Analyzing Credit Risk Caused by Structural and Macroeconomic Changes

    Directory of Open Access Journals (Sweden)

    Goran Klepac

    2008-12-01

    Full Text Available This paper proposes a new model for portfolio sensitivity analysis. The model is suitable for decision support in financial institutions, specifically for portfolio planning and portfolio management. The basic advantage of the model is the ability to create simulations for credit risk predictions in cases when we virtually change portfolio structure and/or macroeconomic factors. The model takes a holistic approach to portfolio management consolidating all organizational segments in the process such as marketing, retail and risk.

  16. Institutional and legislative issues of emergency management policy in Russia.

    Science.gov (United States)

    Porfiriev, B

    2001-12-14

    The emergency management policy as an organic component of the national development policy in contemporary Russia exists only for a slight more than a decade. However, its basic trends and directions could be revealed. In the legislative area covering technological accidents involving hazardous materials these include increasing differentiation of acts in terms of issue coverage, gradual integration of legislation via enforcement of the so-called systemic (umbrella) acts and increasing incorporation of specific acts, and keeping dominance of federal emergency acts. In addition, emergency legislation and policy programs on communities' protection against major hazards drift from alleviation-oriented towards more mitigation-focused. Meanwhile, the bulk of the existing acts are still specific laws and regulations, which consider most emergency response. In institutional realms the key direction of emergency policy development involved organization and progress of the Unified State System for Emergency Prevention and Elimination of the Russian Federation (USEPE) with EMERCOM as a key coordinator and actor in handling technological hazards and accidents. The detailed analysis of USEPE organizational pattern and operation modes including institutional structure, key functions, means and forces and operation routines is provided. It is argued that the system's logic and flexible organizational framework only to some extent contribute to effective mitigation of the major emergencies and/or disasters. In no less extent it depends on the existing socioeconomic conditions, which have been for a long time unfavorable in Russia and thus seriously constrain the USEPE effectiveness. This provides for ambiguous integral evaluation of the emergency management policy in the 1990s and early 2000s.

  17. Evaluation Of The Objective To Adopt The Euro Within The Present Macroeconomic Conditions

    Directory of Open Access Journals (Sweden)

    Silviu Marius ȘEITAN

    2012-06-01

    Full Text Available According to the theory, even does not exist a terminological consensus regarding the concept of “governance”, it comes from the comparative policy field or from international relations one and refers to alternative models of governing. By taking into consideration the above-mentioned concept, the present paper proposal is a model of governance meant to the actual problems of the real international economy. In this model, according to the present proposal, the main factors of management of the society and economy problems are the following: the macroeconomic administrative system should become the coordinating factor of the economic development; the real economy system should become the action factor of the economic development; as the main condition, the above-mentioned factors should work together according to all rules of a continuous full-cooperation relationship. All these elements should become reality by having in mind that the most important role of the economic activity is the generating of the necessary support for the society development. This work was supported by the project “Post-Doctoral Studies in Economics: Training Program for Elite Researchers – SPODE” co-funded from the European Social Fund through the Development of Human Resources Operational Programme 2007-2013, Contract No. POSDRU/89/1.5/S/61755.

  18. Assessing effectiveness of WEEE management policy in Australia.

    Science.gov (United States)

    Morris, Ashleigh; Metternicht, Graciela

    2016-10-01

    Australia is one of the top ten consumers of electrical and electronic (EE) products in the world; yet legislation for the management of WEEE (Waste Electrical and Electronic Equipment) is in its infancy and has received minimal review. This paper sets to assess the effectiveness of Australian legislation, policies and associated instruments, with a focus on the sub-national level of implementation. A mixed methodology was adopted to this end, including: literature review, case study, semi-structured interviews and a comparative analysis of WEEE management practices in Australia versus Japan and Switzerland; the latter to identify causative factors of international leading practice that could advance current policy in Australia. The findings indicate that Australia's management of WEEE is not effective. The rate and types of WEEE generated in Australia far exceed the measures prescribed in legislation to address or even curb the problem. The five key issues were identified around stakeholder roles and responsibilities; scope of WEEE categories legislated for recovery and recycling; public engagement and accessibility to services; recycling and material recovery targets; and the auditing and compliance of material flows within the system. Our findings suggest that Australia has the capacity to address the five key priority areas within the current legal framework and achieve effective WEEE management in line with leading practice examples from Japan and Switzerland. Copyright © 2016 Elsevier Ltd. All rights reserved.

  19. Rethinking Study and Management of Agricultural Systems for Policy Design

    Directory of Open Access Journals (Sweden)

    Johann Baumgärtner

    2013-09-01

    Full Text Available There is a concern that agriculture will no longer be able to meet, on a global scale, the growing demand for food. Facing such a challenge requires new patterns of thinking in the context of complexity and sustainability sciences. This paper, focused on the social dimension of the study and management of agricultural systems, suggests that rethinking the study of agricultural systems entails analyzing them as complex socio-ecological systems, as well as considering the differing thinking patterns of diverse stakeholders. The intersubjective nature of knowledge, as studied by different philosophical schools, needs to be better integrated into the study and management of agricultural systems than it is done so far, forcing us to accept that there are no simplistic solutions, and to seek a better understanding of the social dimension of agriculture. Different agriculture related problems require different policy and institutional approaches. Finally, the intersubjective nature of knowledge asks for the visualization of different framings and the power relations taking place in the decision-making process. Rethinking management of agricultural systems implies that policy making should be shaped by different principles: learning, flexibility, adaptation, scale-matching, participation, diversity enhancement and precaution hold the promise to significantly improve current standard management procedures.

  20. Stormwater management the American way: why no policy transfer?

    Directory of Open Access Journals (Sweden)

    David P. Dolowitz

    2015-09-01

    Full Text Available From the 1940s until the 1980s the federal government gradually extended its authority over the structure of the American stormwater management system. The goal was to improve the water quality of the nation’s waterways by regulating the pollution loads entering the system, primarily through the use of gray infrastructure. However during the1980s the Environmental Protection Agency (EPA began to explore new approaches toward the regulation of stormwater pollution. Instead of focusing only on gray mechanisms, the EPA began developing and promoting the use of low impact development (LID techniques as an element municipal governments could use to achieve their total maxim daily load of pollutants allowable under the National Pollutant Discharge Elimination System permit system. In light of the incentive offered by the EPA for the use of LID in the management of stormwater, it should be expected to provide a perfect area to observe policy transfer between federal, state and local governments; but it does not. This article will establish why the EPA began promoting a green approach to stormwater management and why this has not led to a widespread transfer of best management practices in the ways the literatures associated with federalism and policy transfer would suggest.

  1. Financial Development, Financial Structure, and Macroeconomic Volatility: Evidence from China

    Directory of Open Access Journals (Sweden)

    Feng Wei

    2016-11-01

    Full Text Available Using annual data from 1997–2014 of 30 provinces, municipalities, and autonomous regions, subdividing trended and cyclical volatility of macroeconomics and inflation, considering different indicators of financial development and financial structure, this paper investigated the impact of financial development and financial structure on macroeconomic volatility. The empirical results found that (1 the trended and cyclical volatility of the previous macroeconomic period had a significantly positive impact on that of the current period, and the impact of trended volatility was greater than that of cyclical volatility; (2 financial development had a significantly negative impact on macroeconomic cyclical volatility through inflation cyclical volatility, but inflation trended volatility would amplify macroeconomic volatility; financial markets have no significant effect on macroeconomic volatility; financial structure measured with the ratio of stock market turnover and the efficiency of the financial development had a significant positive impact on macroeconomic cyclical volatility; and (3 inflation trended volatility had a significantly negative impact on macroeconomic cyclical volatility and trended volatility, while inflation cyclical volatility had a significantly positive impact on macroeconomic cyclical volatility.

  2. Wetlands in a changing climate: Science, policy and management

    Science.gov (United States)

    Moomaw, William R.; Chmura, G.L.; Davies, Gillian T.; Finlayson, Max; Middleton, Beth A.; Natali, Sue M.; Perry, James; Roulet, Nigel; Sutton-Grier, Ariana

    2018-01-01

    Part 1 of this review synthesizes recent research on status and climate vulnerability of freshwater and saltwater wetlands, and their contribution to addressing climate change (carbon cycle, adaptation, resilience). Peatlands and vegetated coastal wetlands are among the most carbon rich sinks on the planet sequestering approximately as much carbon as do global forest ecosystems. Estimates of the consequences of rising temperature on current wetland carbon storage and future carbon sequestration potential are summarized. We also demonstrate the need to prevent drying of wetlands and thawing of permafrost by disturbances and rising temperatures to protect wetland carbon stores and climate adaptation/resiliency ecosystem services. Preventing further wetland loss is found to be important in limiting future emissions to meet climate goals, but is seldom considered. In Part 2, the paper explores the policy and management realm from international to national, subnational and local levels to identify strategies and policies reflecting an integrated understanding of both wetland and climate change science. Specific recommendations are made to capture synergies between wetlands and carbon cycle management, adaptation and resiliency to further enable researchers, policy makers and practitioners to protect wetland carbon and climate adaptation/resiliency ecosystem services.

  3. Managing a hydro-energy reservoir: A policy approach

    International Nuclear Information System (INIS)

    Van Ackere, Ann; Ochoa, Patricia

    2010-01-01

    Liberalisation and privatisation have increased the need to gain more understanding into the management of hydro storage (HS) plants. We analyse what types of reservoir management policies enable an owner or a public authority to achieve their respective objectives. By 'policy' we understand simple, easily applicable decision rules, which enable a decision maker to decide when and how much to produce based on currently available information. We use a stylised deterministic simulation model of a hydro-power producer (HP) who behaves strategically. We study a non-liberalised market, where the authorities aim to minimise the total electricity cost for customers and a liberalised market where the HP attempts to maximise his contribution. This enables us to evaluate the impact of the liberalisation of HS production decisions on production volumes and electricity prices. We conclude that imposing rigid policies with the aim of limiting the potential for strategic behaviour can create incentives to produce only at very high prices throughout the year. This can lead to very high total costs, especially when the producer has most flexibility (large reservoirs combined with large turbine capacity). More surprisingly, we observe lower total production in a non-liberalised market. (author)

  4. Management of Productionwater: History, Environmental Policy And Alternative Technology

    Directory of Open Access Journals (Sweden)

    Alexandre Andrade Cerqueira

    2015-12-01

    Full Text Available This paper discusses the application of electroflocculation using alternating current following the lines of the new Brazilian environmental policy in relation to which attention must be given to the management of production water, one of the main waste generated during the process of exploration and production in the petroleum industry , which is increasing in volume as they operate the existing wells and new wells are drilled. It is a literature review of the evolution of global environmental policy, naming a few events that marked the change of world thought in relation to global environmental problems, demonstrating the evolution of the Brazilian Environmental Policy and a history of the laws of disposal of wastewaters. It is also discussed the framework of the wastewater in receiving bodies of water produced in the environmental legislation due to new environmental laws and resolutions aimed at minimization and quality improvement in the oil fields. The examination of this type of industrial exploitation of water resources, especially off-shore platforms, requires the integration of environmental policy states, including the resolutions of the Conselho Nacional do Meio Ambiente.

  5. Managing networks in the public sector: A theoretical study of management strategies in policy networks

    OpenAIRE

    Klijn, Erik-Hans; Koppenjan, Joop; Termeer, Katrien

    1995-01-01

    textabstractPublic policy usually develops in complex networks of public, quasi-public and private organizations. It is now generally accepted that these networks set limits to the governance capability of the administration. A good deal less is known about the opportunities which policy networks offer for tackling social and administrative problems. This article deals with the way network management enables government organizations to benefit from networks. Building on the theoretical concep...

  6. 'Time is costly': modelling the macroeconomic impact of scaling-up antiretroviral treatment in sub-Saharan Africa.

    Science.gov (United States)

    Ventelou, Bruno; Moatti, Jean-Paul; Videau, Yann; Kazatchkine, Michel

    2008-01-02

    Macroeconomic policy requirements may limit the capacity of national and international policy-makers to allocate sufficient resources for scaling-up access to HIV care and treatment in developing countries. An endogenous growth model, which takes into account the evolution of society's human capital, was used to assess the macroeconomic impact of policies aimed at scaling-up access to HIV/AIDS treatment in six African countries (Angola, Benin, Cameroon, Central African Republic, Ivory Coast and Zimbabwe). The model results showed that scaling-up access to treatment in the affected population would limit gross domestic product losses due to AIDS although differently from country to country. In our simulated scenarios of access to antiretroviral therapy, only 10.3% of the AIDS shock is counterbalanced in Zimbabwe, against 85.2% in Angola and even 100.0% in Benin (a total recovery). For four out of the six countries (Angola, Benin, Cameroon, Ivory Coast), the macro-economic gains of scaling-up would become potentially superior to its associated costs in 2010. Despite the variability of HIV prevalence rates between countries, macro-economic estimates strongly suggest that a massive investment in scaling-up access to HIV treatment may efficiently counteract the detrimental long-term impact of the HIV pandemic on economic growth, to the extent that the AIDS shock has not already driven the economy beyond an irreversible 'no-development epidemiological trap'.

  7. The implementation of payment reform upon policy innovation management

    Directory of Open Access Journals (Sweden)

    An-min WANG

    2014-08-01

    Full Text Available With the implementation of universal health care, participants are basically saturated and the increase space of the health insurance fund is limited, so the government proceeded the total amount control of medicare reform, medicare management into a new stage,which emphasized the importance of medicare quality. So the hospital has to face the challenge of policy management, cost control, and the best medical treatment should be linked with the business development. The hospital should change concepts and keep aware of the health care quality, implement the rules of the three reasonable requirements, relying on and striving for the health insurance policies. The limited medical resources could be fully applied by the innovation of health care management, such as cancer chemotherapy and single disease daytime ward, selective operation and oncology booking service. More effective services should be provided while developing key disciplines, developing new technology to improve the quality of the hospital,be initiative to meet the payment reform to achieve the same purpose of hospital,patients and the government.

  8. Entropy, recycling and macroeconomics of water resources

    Science.gov (United States)

    Karakatsanis, Georgios; Mamassis, Nikos; Koutsoyiannis, Demetris

    2014-05-01

    We propose a macroeconomic model for water quantity and quality supply multipliers derived by water recycling (Karakatsanis et al. 2013). Macroeconomic models that incorporate natural resource conservation have become increasingly important (European Commission et al. 2012). In addition, as an estimated 80% of globally used freshwater is not reused (United Nations 2012), under increasing population trends, water recycling becomes a solution of high priority. Recycling of water resources creates two major conservation effects: (1) conservation of water in reservoirs and aquifers and (2) conservation of ecosystem carrying capacity due to wastewater flux reduction. Statistical distribution properties of the recycling efficiencies -on both water quantity and quality- for each sector are of vital economic importance. Uncertainty and complexity of water reuse in sectors are statistically quantified by entropy. High entropy of recycling efficiency values signifies greater efficiency dispersion; which -in turn- may indicate the need for additional infrastructure for the statistical distribution's both shifting and concentration towards higher efficiencies that lead to higher supply multipliers. Keywords: Entropy, water recycling, water supply multipliers, conservation, recycling efficiencies, macroeconomics References 1. European Commission (EC), Food and Agriculture Organization (FAO), International Monetary Fund (IMF), Organization of Economic Cooperation and Development (OECD), United Nations (UN) and World Bank (2012), System of Environmental and Economic Accounting (SEEA) Central Framework (White cover publication), United Nations Statistics Division 2. Karakatsanis, G., N. Mamassis, D. Koutsoyiannis and A. Efstratiades (2013), Entropy and reliability of water use via a statistical approach of scarcity, 5th EGU Leonardo Conference - Hydrofractals 2013 - STAHY '13, Kos Island, Greece, European Geosciences Union, International Association of Hydrological Sciences

  9. Fifty years of federal radioactive waste management: Policies and practices

    International Nuclear Information System (INIS)

    Bradley, R.G.

    1997-04-01

    This report provides a chronological history of policies and practices relating to the management of radioactive waste for which the US Atomic Energy Commission and its successor agencies, the Energy Research and Development Administration and the Department of Energy, have been responsible since the enactment of the Atomic Energy Act in 1946. The defense programs and capabilities that the Commission inherited in 1947 are briefly described. The Commission undertook a dramatic expansion nationwide of its physical facilities and program capabilities over the five years beginning in 1947. While the nuclear defense activities continued to be a major portion of the Atomic Energy Commission's program, there was added in 1955 the Atoms for Peace program that spawned a multiplicity of peaceful use applications for nuclear energy, e.g., the civilian nuclear power program and its associated nuclear fuel cycle; a variety of industrial applications; and medical research, diagnostic, and therapeutic applications. All of these nuclear programs and activities generated large volumes of radioactive waste that had to be managed in a manner that was safe for the workers, the public, and the environment. The management of these materials, which varied significantly in their physical, chemical, and radiological characteristics, involved to varying degrees the following phases of the waste management system life cycle: waste characterization, storage, treatment, and disposal, with appropriate transportation linkages. One of the benefits of reviewing the history of the waste management program policies and practices if the opportunity it provides for identifying the lessons learned over the years. Examples are summarized at the end of the report and are listed in no particular order of importance

  10. Fifty years of federal radioactive waste management: Policies and practices

    Energy Technology Data Exchange (ETDEWEB)

    Bradley, R.G.

    1997-04-01

    This report provides a chronological history of policies and practices relating to the management of radioactive waste for which the US Atomic Energy Commission and its successor agencies, the Energy Research and Development Administration and the Department of Energy, have been responsible since the enactment of the Atomic Energy Act in 1946. The defense programs and capabilities that the Commission inherited in 1947 are briefly described. The Commission undertook a dramatic expansion nationwide of its physical facilities and program capabilities over the five years beginning in 1947. While the nuclear defense activities continued to be a major portion of the Atomic Energy Commission`s program, there was added in 1955 the Atoms for Peace program that spawned a multiplicity of peaceful use applications for nuclear energy, e.g., the civilian nuclear power program and its associated nuclear fuel cycle; a variety of industrial applications; and medical research, diagnostic, and therapeutic applications. All of these nuclear programs and activities generated large volumes of radioactive waste that had to be managed in a manner that was safe for the workers, the public, and the environment. The management of these materials, which varied significantly in their physical, chemical, and radiological characteristics, involved to varying degrees the following phases of the waste management system life cycle: waste characterization, storage, treatment, and disposal, with appropriate transportation linkages. One of the benefits of reviewing the history of the waste management program policies and practices if the opportunity it provides for identifying the lessons learned over the years. Examples are summarized at the end of the report and are listed in no particular order of importance.

  11. Simulation System for Making Political and Macroeconomical Decisions and Its Development

    Science.gov (United States)

    Vnukov, A. A.; Blinov, A. E.

    2018-01-01

    Object of this research are macroeconomic indicators, which are important to descript economic situation in a country. Purpose of this work is to identify these indicators and to analyze how the state can affect these figures with available instruments. Here was constructed a model where the targets can be calculated from raw data - tools in the field of economic policy. Software code that implements all relations among the indicators and allows to analyze with high accuracy, sufficiently successful economic policies and with the help of some tools, you can achieve better results. This model can be used to forecast macroeconomic scenarios. The corresponding values of the objective (outcome) variables are set as a consequence of the configuration data of the previous period, subject to external influences and depend on the instrumental variables. The results may be useful in economical predictions. The results were successfully checked on real scenarios of Russian, European and Chinese economics. Moreover, the results can be applied in the field of education. Program is available to use as “economical game” the educational process of the University, in which you can virtually implement various macroeconomic scenarios, draw conclusions about their success.

  12. Partial differential equation models in macroeconomics.

    Science.gov (United States)

    Achdou, Yves; Buera, Francisco J; Lasry, Jean-Michel; Lions, Pierre-Louis; Moll, Benjamin

    2014-11-13

    The purpose of this article is to get mathematicians interested in studying a number of partial differential equations (PDEs) that naturally arise in macroeconomics. These PDEs come from models designed to study some of the most important questions in economics. At the same time, they are highly interesting for mathematicians because their structure is often quite difficult. We present a number of examples of such PDEs, discuss what is known about their properties, and list some open questions for future research. © 2014 The Author(s) Published by the Royal Society. All rights reserved.

  13. Complementary system perspectives in ecological macroeconomics

    DEFF Research Database (Denmark)

    Røpke, Inge

    2016-01-01

    will be included in this effort. Taking an ecological economic understanding of sustainability as the point of departure, and inspired by systems thinking, it is discussed which economic sub-systems should be in focus for sustainability transitions, and whether relevant guides for sustainability can be formulated......, provision and distribution systems. The example concerns investments in sustainability transitions of provision systems and demonstrates the complexities of implementing such transformations during the economic crisis. It also addresses the need for ecological macroeconomics to develop a third position...

  14. Ubiquitous access control and policy management in personal networks

    DEFF Research Database (Denmark)

    Kyriazanos, Dimitris M.; Stassinopoulos, George I.; Prasad, Neeli R.

    2006-01-01

    distributed master devices acting as access points- and also pure peer-to-peer interactions inside the PN. Taking benefit from the modularity and scalability of the design, this solution can be extended into supporting coalitions of different security domains, deriving from the creation of PNs federations.......In this paper the authors present the challenges for enabling Security Policies Management and subsequent Ubiquitous Access Control on the Personal Network (PN) environment. A solution based on Security Profiles is proposed, supporting both partially distributed architectures-having in this case...

  15. The Participatory Turn in UK Radioactive Waste Management Policy

    International Nuclear Information System (INIS)

    Simmons, Peter; Bickerstaff, Karen

    2006-01-01

    The history of radioactive waste management policy in the UK has, in common with many other countries, been one characterised by crisis. A study of UK radioactive waste management (RWM) policy published in 1991 begins with the claim that 'What is distinctive about the British context is that crisis has not produced new commitments to resolving the problems of radwaste management'. As this paper will illustrate, current activity suggests that this assertion no longer holds true. Rather, the UK has witnessed a renewed commitment to addressing the problem accompanied by a significant shift in approach to RWM decision making. This shift was precipitated by the failure in 1997 of the technocratic strategy that hitherto had been pursued by government and by the nuclear industry but has also been influenced by a number of other contributory factors. What we now see in the UK is a proliferation of stakeholder involvement (SI) initiatives in the RWM and related fields, a situation that poses new questions and potentially new problems. In this paper we outline the historical developments that preceded this change, examine the current situation and finally review the question of whether this reconfigured landscape of SI amounts to a radical shift in policy and practice that has produced, or is likely to produce, new commitments to resolving the problems of RWM. We have identified five issues raised by stakeholders: (i) the strains created by the demands placed on limited stakeholder capacity are for some organisations and individuals becoming difficult to manage; (ii) there is an associated problem of participation fatigue or exhaustion resulting from the demands on stakeholders called to participate in multiple processes, which is seen by some NGO critics as a cynical strategy of attrition designed to co-opt and wear down potential opposition - and both of these problems increase the risk of stakeholder withdrawal; (iii) concerns about the problem of policy fragmentation

  16. The Participatory Turn in UK Radioactive Waste Management Policy

    Energy Technology Data Exchange (ETDEWEB)

    Simmons, Peter [Univ. of East Anglia, Norwich (United Kingdom). School of Environmental Sciences; Bickerstaff, Karen [Durham Univ. (United Kingdom). Dept. of Geography

    2006-09-15

    The history of radioactive waste management policy in the UK has, in common with many other countries, been one characterised by crisis. A study of UK radioactive waste management (RWM) policy published in 1991 begins with the claim that 'What is distinctive about the British context is that crisis has not produced new commitments to resolving the problems of radwaste management'. As this paper will illustrate, current activity suggests that this assertion no longer holds true. Rather, the UK has witnessed a renewed commitment to addressing the problem accompanied by a significant shift in approach to RWM decision making. This shift was precipitated by the failure in 1997 of the technocratic strategy that hitherto had been pursued by government and by the nuclear industry but has also been influenced by a number of other contributory factors. What we now see in the UK is a proliferation of stakeholder involvement (SI) initiatives in the RWM and related fields, a situation that poses new questions and potentially new problems. In this paper we outline the historical developments that preceded this change, examine the current situation and finally review the question of whether this reconfigured landscape of SI amounts to a radical shift in policy and practice that has produced, or is likely to produce, new commitments to resolving the problems of RWM. We have identified five issues raised by stakeholders: (i) the strains created by the demands placed on limited stakeholder capacity are for some organisations and individuals becoming difficult to manage; (ii) there is an associated problem of participation fatigue or exhaustion resulting from the demands on stakeholders called to participate in multiple processes, which is seen by some NGO critics as a cynical strategy of attrition designed to co-opt and wear down potential opposition - and both of these problems increase the risk of stakeholder withdrawal; (iii) concerns about the problem of policy

  17. Romania’s Macroeconomic Steering in 2015 - between Enthusiasm and Recession Risk

    Directory of Open Access Journals (Sweden)

    Cristian - Marian Barbu

    2015-12-01

    Full Text Available This article reveals that, despite having a solid macro-economic state and a significant economic growth as starting points, those who conceive the fiscal-budgetary macroeconomic policies in Romania apply more enthusiasm than principles of responsibility, prudence and sustainability. While economic growth in Romania is over 3% of the GDP, public debt of a little over 40% of the GDP, budget revenues with 7.8% bigger than during the first 9 months of the previous year, and budgetary surplus of almost 1% of the GDP after the first 8 months, the 2016 budget prospects look good. Well, they are actually not. If the Government implements the budgetary expenditure announced, the budget deficit may explode which may lead, in 2018, to exceeding the maximal critical threshold of public debt, and in this case, according to the Romanian National Bank, the recession risk will be over 50%.

  18. Taxing CO2 and subsidising biomass: Analysed in a macroeconomic and sectoral model

    DEFF Research Database (Denmark)

    Klinge Jacobsen, Henrik

    2000-01-01

    This paper analyses the combination of taxes and subsidies as an instrument to enable a reduction in CO2 emission. The objective of the study is to compare recycling of a CO2 tax revenue as a subsidy for biomass use as opposed to traditional recycling such as reduced income or corporate taxation....... A model of Denmark's energy supply sector is used to analyse the e€ect of a CO2 tax combined with using the tax revenue for biomass subsidies. The energy supply model is linked to a macroeconomic model such that the macroeconomic consequences of tax policies can be analysed along with the consequences...... for speci®c sectors such as agriculture. Electricity and heat are produced at heat and power plants utilising fuels which minimise total fuel cost, while the authorities regulate capacity expansion technologies. The e€ect of fuel taxes and subsidies on fuels is very sensitive to the fuel substitution...

  19. Time to Shift from Macro- to Micro-Policies

    Science.gov (United States)

    Cho, Dongchul; Shin, Sukha

    2012-01-01

    All of the authors seem to share the perception that one can no longer expect much from macroeconomic policies. The authors of this paper share this opinion, but this should not be interpreted as the skeptical view that macroeconomic policies are ineffective on employment. They saw from the Korea's two crises how contrasting outcomes could result…

  20. Resolving macroeconomic uncertainty in stock and bond markets

    NARCIS (Netherlands)

    Beber, A.; Brandt, M.W.

    2009-01-01

    We establish an empirical link between the ex-ante uncertainty about macroeconomic fundamentals and the ex-post resolution of this uncertainty in financial markets. We measure macroeconomic uncertainty using prices of economic derivatives and relate this measure to changes in implied volatilities of

  1. Private consumption-savings behavior and macroeconomic imbalances

    NARCIS (Netherlands)

    de Castro Campos, M.

    2016-01-01

    Between the signing of the Maastricht Treaty in 1991 and 2007 many of the existing macroeconomic theories were applied to support the claim that the euro area was an optimal currency union and to argue that increasing macroeconomic imbalances were a logical part of the financial integration process.

  2. Macroeconomic Volatility and Stock Market Volatility, World-Wide

    OpenAIRE

    Francis X. Diebold; Kamil Yilmaz

    2008-01-01

    Notwithstanding its impressive contributions to empirical financial economics, there remains a significant gap in the volatility literature, namely its relative neglect of the connection between macroeconomic fundamentals and asset return volatility. We progress by analyzing a broad international cross section of stock markets covering approximately forty countries. We find a clear link between macroeconomic fundamentals and stock market volatilities, with volatile fundamentals translating in...

  3. Macroeconomic pressures and their implications for business development in Africa

    DEFF Research Database (Denmark)

    Kuada, John

    2011-01-01

    The paper discusses the complex relationships between macroeconomic pressures, savings, investments and business development in Sub-Sahara African countries......The paper discusses the complex relationships between macroeconomic pressures, savings, investments and business development in Sub-Sahara African countries...

  4. Waste Management Policy Framework to Mitigate Terrorist Intrusion Activities

    International Nuclear Information System (INIS)

    Redus, Kenneth S.

    2003-01-01

    A policy-directed framework is developed to support US Department of Energy (DOE) counterterrorism efforts, specifically terrorist intrusion activities that affect of Environmental Management (EM) programs. The framework is called the Security Effectiveness and Resource Allocation Definition Forecasting and Control System (SERAD-FACS). Use of SERAD-FACS allows trade-offs between resources, technologies, risk, and Research and Development (R and D) efforts to mitigate such intrusion attempts. Core to SERAD-FACS is (1) the understanding the perspectives and time horizons of key decisionmakers and organizations, (2) a determination of site vulnerabilities and accessibilities, and (3) quantifying the measures that describe the risk associated with a compromise of EM assets. The innovative utility of SERAD-FACS is illustrated for three integrated waste management and security strategies. EM program risks, time delays, and security for effectiveness are examined to demonstrate the significant cost and schedule impact terrorist activities can have on cleanup efforts in the DOE complex

  5. QMM – A Quarterly Macroeconomic Model of the Icelandic Economy. Version 2.0

    DEFF Research Database (Denmark)

    Ólafsson, Tjörvi

    implemented in the forecasting round for the Monetary Bulletin 2006/1 in March 2006. QMM is used by the Bank for forecasting and various policy simulations and therefore plays a key role as an organisational framework for viewing the medium-term future when formulating monetary policy at the Bank. This paper......This paper documents and describes Version 2.0 of the Quarterly Macroeconomic Model of the Central Bank of Iceland (QMM). QMM and the underlying quarterly database have been under construction since 2001 at the Research and Forecasting Division of the Economics Department at the Bank and was first...

  6. Policy Adoption of Forest Management Unit: A Knowledge Diffusion Analysis

    Directory of Open Access Journals (Sweden)

    Julijanti

    2014-08-01

    Full Text Available Within the policy adoption process of Forest Management Unit (FMU concept, there has been disagreement of stakeholders on FMUs concept. This disagreement is caused by the exchange of knowledge, information, and perception among stakeholders involved. The results of these interactions could speed up, slow down, and prevent the adoption process of FMU policy. The study objective was analyzing process of knowledge diffusion of FMUs development policy and stakeholders interaction in PFMU Batutegi and PFMU Kotaagung Utara, Indonesia. Adoption process was analyzed by the logical diffusion technique based on knowledge time of FMUs concept received and its interaction space. Social interaction among stakeholders was analyzed using method developed by International Development Studies analysis, i.e. interaction among discourse/narrative, actors/networks and politics/interests. The results showed that knowledge diffusion of FMUs concept in both PFMU tends to cascade diffusion. Factors was affecting of it process were network, role of opinion leaders, willingness to know, and understand on FMUs concept. Indicative strategy is needed as anticipating and overcoming an obstacle in its internalization process, i.e. harmonization of legislative and executive relationship, building an opinion the importance of FMU, and optimalizing network for bureaucratic problems.

  7. Principles to coordinate managed aquifer recharge with natural resource management policies in Australia

    Science.gov (United States)

    Ward, John; Dillon, Peter

    2012-08-01

    Managed aquifer recharge (MAR) is a tool available to water-resources managers that assists agencies to secure water supplies and protect aquifers and groundwater-dependent ecosystems in the face of climate change and growing water demand. Yet few natural-resources managers have access to a coordinated set of policies that enable the potential benefits of MAR to be fully realised in urban and rural areas. This paper reviews contemporary Australian water-resource policies and systematically applies a refined set of `robust separation of rights' principles based on secure entitlements, annual allocations and end-use obligations to guide the coordination of policies specific to each of the four operational processes central to MAR schemes: source water harvesting, aquifer recharge, recovery of stored water and end use. Particular attention is given to the formulation of policies relating to the recovery of water, including the feasibility for market exchange of permanent and temporary rights to recover recharged water, as these have the potential to greatly expand the role of MAR. Aquifer characteristics, existing groundwater extractions and potential third party effects need to be taken into account in determining both recovery entitlements and annual allocations. A transitional pathway to implement novel MAR policies is suggested.

  8. Enhancing policy to manage and minimise Australian greenhouse emissions

    International Nuclear Information System (INIS)

    Taplin, Ros

    2007-01-01

    Full text: The development of climate change policy in Australia is at an important stage in its evolution. Australia, as a ratifying nation of 1992 United Nations Framework Convention on Climate Change, has obligations as a party including development and implementation of national policy. In 2004, Australia announced a Climate Change Strategy updating the 1997 National Greenhouse Strategy which set out the framework for a coordinated and collaborative approach by all levels of government in Australia. The 2004 Climate Change Strategy is directed toward the achievement of three overarching goals: 'international engagement - pursuing an effective global response to climate change', 'emissions management...', and 'providing the foundations for Australia's climate change response...'. Despite not ratifying the Kyoto Protocol, Australia has committed to informally meet its 108% Kyoto Protocol target by taking on the role of an 'as if Party. Development and implementation a broad range of greenhouse gas emission reduction strategies, policies and programs, at the Commonwealth, state and territory, and local government levels, has occurred. Notably, the recent 2007-08 Australian Government Budget brought its total commitment to its climate change strategy to A$2.8 billion. Combined government action and industry investment in climate change mitigation via implementation of greenhouse gas emission reduction schemes are thus well underway. The Commonwealth's programs for greenhouse emission reduction are significant, and in particular, the Greenhouse Challenge Plus program certainly is a key industry motivator. Both state and local government actions have been drivers in policy development, supporting reduction of greenhouse emissions. Several states have implemented their own climate change strategies and the states have been proactive in their interest in emissions trading. Local councils' roles, in particular, have been and will increase in significance in the future

  9. The estimation of Iran’s macroeconomics instability index

    Directory of Open Access Journals (Sweden)

    Abdolmajid Ahangari

    2014-05-01

    Full Text Available In this study, we estimate the macroeconomics instability index over the period 1963-2003. Using the definition of Fischer and Bleaney, the study calculates the “macroeconomics instability index”. In order to compute the macroeconomics instability index, four sub-indices of inflation rate, the fractional ratio of budget to the gross national product, the ratio of foreign debt to the gross national product, and the ratio of the free exchange rate to the official exchange rate as the determinant variables of the macroeconomics instability are considered. Then, the study estimates the equations for long-term processes for each variable and determines the deviations from the real values. We also obtain the time series for the macroeconomics instability index, using the calculated simple mean of the variables’ deviations and discuss the results.

  10. Negotiating Narratives, Accessing Asylum: Evaluating Language Policy as Multi-Level Practice, Beliefs and Management

    Science.gov (United States)

    Smith-Khan, Laura

    2017-01-01

    Theories of language policy increasingly emphasise focusing on the specific contexts in which language management occurs. In government settings, policy seeks to shape how individuals interact with officials. Australian asylum procedure is an area where policy aims at tight control. I examine how communication is managed in this setting, in which…

  11. MACROECONOMIC FORECASTING USING BAYESIAN VECTOR AUTOREGRESSIVE APPROACH

    Directory of Open Access Journals (Sweden)

    D. Tutberidze

    2017-04-01

    Full Text Available There are many arguments that can be advanced to support the forecasting activities of business entities. The underlying argument in favor of forecasting is that managerial decisions are significantly dependent on proper evaluation of future trends as market conditions are constantly changing and require a detailed analysis of future dynamics. The article discusses the importance of using reasonable macro-econometric tool by suggesting the idea of conditional forecasting through a Vector Autoregressive (VAR modeling framework. Under this framework, a macroeconomic model for Georgian economy is constructed with the few variables believed to be shaping business environment. Based on the model, forecasts of macroeconomic variables are produced, and three types of scenarios are analyzed - a baseline and two alternative ones. The results of the study provide confirmatory evidence that suggested methodology is adequately addressing the research phenomenon and can be used widely by business entities in responding their strategic and operational planning challenges. Given this set-up, it is shown empirically that Bayesian Vector Autoregressive approach provides reasonable forecasts for the variables of interest.

  12. Macroeconomic effects of petroleum supply disruptions

    Energy Technology Data Exchange (ETDEWEB)

    Hamilton, J.D.

    1983-01-01

    Seven of the eight US recessions since World War II have been preceded, typically with a lag of around 3/4 of a year, by a dramatic increase in the price of crude petroleum. That this correlation is more than just a coincidence is supported by parametric and nonparametric statistical tests on a variety of US time series and sample periods. Moreover, both the institutional structure of the petroleum industry and the historical timing of key economic events indicate that the oil shocks represented largely exogenous shocks to the US economy. Thus, the data support the proposition that oil shocks were a contributing factor in at least some of the US recessions prior to 1972. By extension, energy price increases may account for much of post-OPEC macroeconomic performance. Illustrative calculations establish that adjustments of planned investment to historical changes in energy prices, together with Keynesian-multiplier effects associated with unintended inventory accumulation, were of sufficient magnitude to have exerted a major impact on macroeconomic activity throughout the postwar period.

  13. Waste management policy development from the AEC to the DOE

    International Nuclear Information System (INIS)

    Dieckhoner, J.E.

    1996-01-01

    The goal of the federal government's policy for the management of radioactive waste from its nuclear materials and weapon programs was, and is, to protect the health and safety of those working in these programs, the public and the environment. What has changed since the days of the Manhattan Project are the specific technical solutions pursued, the implementation schedules, and the projected cost to the American taxpayer. Although some of these changes are due to nontechnical and political issues, many have been the result of knowledge gained from research and development programs, scientific over-optimism, and an unrealistic appreciation of the cost and schedule impacts of required stakeholder involvement. The goal of this article is to review the development of waste management policy from the early days of the Atomic Energy Commission to the present. The current generation of policymakers, and their critics, will be greatly aided in their tasks if they have a general understanding of what events have occurred over the past half century that have led us to the current situation

  14. Macro-economic analysis of forestry options on carbon sequestration in India

    International Nuclear Information System (INIS)

    Kadekodi, Gopal K.; Ravindranath, N.H.

    1997-01-01

    There is a need to evaluate the additional spending on forestry by analysing the environmental (particularly carbon abatement), social and economic benefits. The biomass needs for India are expected to increase by two to three times by 2020. Depending upon the forest types, ownership patterns and land use patterns, feasible forestry options are identified. It is found among many supply options to be feasible to meet the 'demand based needs' with a mix of management options, species choices and organisational set up. A comparative static framework is used to analyze the macro-economic impacts. Forestry accounts for 1.84% of GNP in India. It is characterized by significant forward industrial linkages and least backward linkage. Forestry generates about 36 million person years of employment annually. India imports Rs. 15 billion worth of forest based materials annually. Implementation of the demand based forestry options can lead to a number of ecological, economic and institutional changes. The notable ones are: enhancement of C stock from 9578 to 17094 Mt and a net annual C-sequestration from 73 to 149 Mt after accounting for all emissions; a trebling of the output of forestry sector from Rs. 49 billion to Rs. 146 billion annually; an increase in GDP contribution of forestry from Rs. 32 billion to Rs. 105 billion over a period of 35 years; an increase in annual employment level by 23 million person years; emergence of forestry as a net contributor of foreign exchange through trading of forestry products; and an increase in economic value of forest capital stock by Rs. 7260 billion with a cost benefit analysis showing forestry as a profitable option. Implementation of forestry options calls for an understanding of current forest policies and barriers which are analyzed and a number of policy options are suggested

  15. Technical considerations and policy requirements for plutonium management

    International Nuclear Information System (INIS)

    Christensen, D.C.; Dinehart, S.M.; Yarbro, S.L.

    1996-01-01

    The goals for plutonium management have changed dramatically over the past few years. Today, the challenge is focused on isolating plutonium from the environment and preparing it for permanent disposition. In parallel, the requirements for managing plutonium are rapidly changing. For example, there is a significant increase in public awareness on how facilities operate, increased attention to environmental safety and health (ES and H) concerns, greater interest in minimizing waste, more emphasis on protecting material from theft, providing materials for international inspection, and a resurgence of interest in using plutonium as an energy source. Of highest concern, in the immediate future, is protecting plutonium from theft or diversion, while the national policy on disposition is debated. These expanded requirements are causing a broadening of responsibilities within the Department of Energy (DOE) to include at least seven organizations. An unavoidable consequence is the divergence in approach and short-term goals for managing similar materials within each organization. The technology base does exist, properly, safely, and cost effectively to extract plutonium from excess weapons, residues, waste, and contaminated equipment and facilities, and to properly stabilize it. Extracting the plutonium enables it to be easily inventoried, packaged, and managed to minimize the risk of theft and diversion. Discarding excess plutonium does not sufficient reduce the risk of diversion, and as a result, long-term containment of plutonium from the environment may not be able to be proven to the satisfaction of the public

  16. Network Security: Policies and Guidelines for Effective Network Management

    Directory of Open Access Journals (Sweden)

    Jonathan Gana KOLO

    2008-12-01

    Full Text Available Network security and management in Information and Communication Technology (ICT is the ability to maintain the integrity of a system or network, its data and its immediate environment. The various innovations and uses to which networks are being put are growing by the day and hence are becoming complex and invariably more difficult to manage by the day. Computers are found in every business such as banking, insurance, hospital, education, manufacturing, etc. The widespread use of these systems implies crime and insecurity on a global scale. In addition, the tremendous benefits brought about by Internet have also widened the scope of crime and insecurity at an alarming rate. Also, ICT has fast become a primary differentiator for institution/organization leaders as it offers effective and convenient means of interaction with each other across the globe. This upsurge in the population of organizations depending on ICT for business transaction has brought with it a growing number of security threats and attacks on poorly managed and secured networks primarily to steal personal data, particularly financial information and password.This paper therefore proposes some policies and guidelines that should be followed by network administrators in organizations to help them ensure effective network management and security of ICT facilities and data.

  17. Technical considerations and policy requirements for plutonium management

    International Nuclear Information System (INIS)

    Christensen, D.C.; Dinehart, S.M.; Yarbro, S.L.

    1995-01-01

    The goals for plutonium management have changed dramatically over the past few years. Today, the challenge is focused on isolating plutonium from the environment and preparing it for permanent disposition. In parallel, the requirements for managing plutonium are rapidly changing. For example, there is a significant increase in public awareness on how facilities operate, increased attention to environmental safety and health (ES and H) concerns, greater interest in minimizing waste, more emphasis on protecting material from theft, providing materials for international inspection, and a resurgence of interest in using plutonium as an energy source. Of highest concern, in the immediate future, is protecting plutonium from theft or diversion, while the national policy on disposition is debated. These expanded requirements are causing a broadening of responsibilities within the Department of Energy (DOE) to include at least seven organizations. An unavoidable consequence is the divergence in approach and short-term goals for managing similar materials within each organization. The technology base does exist, properly, safely, and cost effectively to extract plutonium from excess weapons, residues, waste, and contaminated equipment and facilities, and to properly stabilize it. Extracting the plutonium enables it to be easily inventoried, packaged, and managed to minimize the risk of theft and diversion. Discarding excess plutonium does not sufficiently reduce the risk of diversion, and as a result, long-term containment of plutonium from the environment may not be able to be proven to the satisfaction of the public

  18. The workers role in knowledge management and sustainability policies.

    Science.gov (United States)

    Bolis, Ivan; Brunoro, Claudio; Sznelwar, Laerte Idal

    2012-01-01

    Based on the concepts of sustainability and knowledge management, this article seeks to identify points of contact between the two themes through an exploratory study of existing literature. The first objective is to find, in international literature, the largest number of papers jointly related to the theme of knowledge management and sustainability. In these documents, the authors looked at the kind of relationship existing between the two themes and what the benefits introduced in organizations are. Based on an ergonomic point of view, the second objective of this article is to analyze the role of the worker (whether at the strategic or operational level) and his importance in this context. The results demonstrate that there is very little literature that addresses the two themes together. The few papers found, however, can be said to show the many advantages of introducing sustainability policies supported by adequate knowledge management. Very little has been studied with regards to the role of workers, which could be interpreted as meaning that little importance is given to the proactive role they may play. On the other hand, there is a high potential for future research in these areas, based on the high level of consideration of workers in knowledge management and sustainability literature, as well as in literature in the areas of ergonomics and sociology.

  19. Convergence, Crisis and Unemployment in Europe: The Need for Innovative Policies

    Directory of Open Access Journals (Sweden)

    Enrico Marelli

    2015-12-01

    Full Text Available The paper reviews the double crisis that affected the euro area in the recent period. The focal point is that the austerity measures that have been undertaken in the area, especially in the peripheral countries hurt by the sovereign debt crisis, have not only caused a deep recession but are likely to lead to stagnation and persistent unemployment. In the first part of the paper, original weaknesses in the construction of the monetary union are examined, the emphasis being placed on nominal convergence criteria without taking into account the need for real convergence. This analysis is corroborated by some econometric investigations based on sigma and beta convergence for different macroeconomic variables, distinguishing between the pre-crisis period, 1999-2007, and the recent 2008-2013 period. The empirical section continues with a discussion of recent macroeconomic trends focusing on unemployment: it stresses that the deep and prolonged recession can be defeated only by adequate demand management policies. The next section explains how the excessive austerity policies recently carried out have also been caused by wrong assumptions about the size of the fiscal multipliers. The final policy section emphasizes three aspects: (i the radical reforms, at the European level, necessary if the monetary union is to survive; (ii the changes in macroeconomic policies required to put an end to the present stagnation; (iii the different and innovative policies needed to fight the high level of unemployment (especially youth unemployment.

  20. An evaluation grid for the assessments of macro-economic impacts of energy transition. Working paper Nr 48

    International Nuclear Information System (INIS)

    Ouvrard, Jean-Francois; Scapecchi, Pascale

    2014-05-01

    This study aims at comparing the main available macro-economic models used to assess the consequences of policies for energy transition, and at determining their scope and limitations of validity. More precisely, the authors study the impact of two categories of policy instruments (those aimed at modifying prices and incentive ones) and the role of the adopted modelling of technical progress and of the macro-economic closure of the model. In a first part, they present various tools or models used to assess economic impacts of energy transition: technical-economic, macro-economic, general balance, and hybrid models. Then, after a presentation of some principles adopted to analyse these various models, the authors discuss price-based tools, tools based on demand support, the key role of technological progress, the impact of the macro-economic closure on the reached objective. They finally discuss the results obtained by applying an evaluation grid to energy transition scenarios. A set of recommendations is finally proposed for a better assessment of these impacts

  1. The Effect of Macroeconomic Variables on Value-Added Agriculture: Approach of Vector Autoregresive Bayesian Model (BVAR

    Directory of Open Access Journals (Sweden)

    E. Pishbahar

    2015-05-01

    Full Text Available There are different ideas and opinions about the effects of macroeconomic variables on real and nominal variables. To answer the question of whether changes in macroeconomic variables as a political tool is useful over a business cycle, understanding the effect of macroeconomic variables on economic growth is important. In the present study, the Bayesian Vector autoregresive model and seasonality data for the years between 1991 and 2013 was used to determine the impact of monetary policy on value-added agriculture. Predicts of Vector autoregresive model are usually divertaed due to a lot of parameters in the model. Bayesian vector autoregresive model estimates more reliable predictions due to reducing the number of included parametrs and considering the former models. Compared to the Vector Autoregressive model, the coefficients are estimated more accurately. Based on the results of RMSE in this study, previous function Nrmal-Vyshart was identified as a suitable previous disteribution. According to the results of the impulse response function, the sudden effects of shocks in macroeconomic variables on the value added in agriculture and domestic venture capital are stable. The effects on the exchange rates, tax revenues and monetary will bemoderated after 7, 5 and 4periods. Monetary policy shocks ,in the first half of the year, increased the value added of agriculture, while in the second half of the year had a depressing effect on the value added.

  2. Sustainable energy prices and growth. Comparing macroeconomic and backcasting scenarios

    International Nuclear Information System (INIS)

    Ahlroth, Sofia; Hoejer, Mattias

    2007-01-01

    How do results from the sustainability research world of backcasting relate to the macroeconomic scenarios used for policy evaluation and planning? The answer is that they do not, mostly - they come from different scientific traditions and are not used in the same contexts. Yet they often deal with the same issues. We believe that much can be gained by bringing the two systems of thinking together. This paper is a first attempt to do so, by making qualitative comparisons between different scenarios and highlighting benefits and limitations to each of them. Why are the pictures we get of the energy future so different if we use a macroeconomic model from when using a backcasting approach based on sustainable energy use? It is evident that the methods for producing those two kinds of scenarios differ a lot, but the main reason behind the different results are found in the starting points rather than in the methods. Baseline assumptions are quite different, as well as the interpretations and importance attached to signals about the future. In this paper, it is discussed how those two types of scenarios differ and how they approach issues such as energy prices and growth. The discussion is based on a comparison between Swedish economic and sustainability scenarios. The economic scenarios aim at being forecasts of the future and are used as decision support for long-term policies. But are the assumptions in the economic scenarios reasonable? The sustainability scenarios are explicitly normative backcasting scenarios. They do not take the issue of growth and consumption fully into account. Could they be developed in this respect? The comparison between the scenarios is also used to look closer at the issue of energy prices in a society with sustainable energy use. One of the questions raised is if a low energy society calls for high energy prices. Moreover, the effects of tradable permits versus energy taxes is analysed in the context of how energy use could be kept low

  3. Macroeconomic effects of energy political and climate political measures of the years 1995 up to 2011; Gesamtwirtschaftliche Effekte energie- und klimapolitischer Massnahmen der Jahre 1995 bis 2011

    Energy Technology Data Exchange (ETDEWEB)

    Lehr, Ulrike; Lutz, Christian; Ulrich, Philip [Gesellschaft fuer Wirtschaftliche Strukturforschung mbH (GWS), Osnabrueck (Germany)

    2012-10-15

    Actually, the macroeconomic effects of the energy policy turnaround are discussed controversially. The Federal Government started a comprehensive monitoring process in order to accompany the energy policy turnaround. Currently it is too early for a model-supported ex-post acquisition of the effects of the resolutions of the Federal Government in 2010. Often the implementation of the measures began in 2011. Just now no complete results are available. Under this aspect, the authors of the contribution consider the macroeconomic aspects of the measures which were implemented in the areas energy efficiency, renewable energy sources as well as combined heat and power generation in the years between 1995 and 2011.

  4. Waste Management Policy In Tourism Area of Saensuk Municipality, Thailand

    Directory of Open Access Journals (Sweden)

    Pongsathon Kaewmanee

    2014-01-01

    Full Text Available Saensuk Municipality is a famous tourism city in Thailand, especially Bangsaen beach. In supporting the tourism activity, it has waste managing method by using new generation administrator and technologies. However, the waste problem happened in Saensuk Municipality is included the human resource ability, technical facility, and the amount of waste. By using the qualitative descriptive method and doing a series of interview to selected informants, the researcher studied and analyzed the problem, factors, and solutions of the issue. This study found that the nature of the beach and the visitor behavior is among the reason behind the large amount of waste daily in the site. Moreover, the regulation by the local government is sufficient to cover the issue if implemented fully. The study shows that the city had implemented the good governance idea in several instances, and giving the waste management to the private sector is one of the optionsto resolve the problem since the quality of the work could be improved. Keywords:waste management,public policy, tourism area, Thailand

  5. 75 FR 50936 - Loan Policies and Operations; Lending and Leasing Limits and Risk Management

    Science.gov (United States)

    2010-08-18

    ...-AC60 Loan Policies and Operations; Lending and Leasing Limits and Risk Management AGENCY: Farm Credit... sound operation of System institutions by strengthening their risk management practices and abilities to... the establishment of consistent, uniform and prudent concentration risk management policies by System...

  6. Traditional vs. Contemporary Management Control Practices for Developing Public Health Policies.

    Science.gov (United States)

    Naranjo-Gil, David; Sánchez-Expósito, María Jesús; Gómez-Ruiz, Laura

    2016-07-14

    Public health policies must address multiple goals and complex community health needs. Recently, management control practices have emerged to provide a broader type of information for evaluating the effectiveness of healthcare policies, and relate activities and processes to multiple strategic outcomes. This study compares the effect of traditional and contemporary management control practices on the achievement of public health policies. It is also analyzed how two different uses of such practices (enabling vs. coercive) facilitate the achievement of public health policies. Relationships are explored using data collected from managers from public health agencies and public hospitals in Spain. The findings show that contemporary management control practices are more suitable than traditional practices to achieve public health policies. Furthermore, results show that public health policies are better achieved when managers use management control practices in an enabling way rather than in a coercive way.

  7. Assessment of the relationship of government spending on social assistance programs with Brazilian macroeconomic variables

    Science.gov (United States)

    de Senna, Viviane; Souza, Adriano Mendonça

    2016-11-01

    Since the 1988 Federal Constitution social assistance has become a duty of the State and a right to everyone, guaranteeing the population a dignified life. To ensure these rights federal government has created programs that can supply the main needs of people in extreme poverty. Among the programs that provide social assistance to the population, the best known are the ;Bolsa Família; Program - PBF and the Continuous Cash Benefit - Continuous Cash Benefit - BPC. This research's main purpose is to analyze the relationship between the main macroeconomic variables and the Federal government spending on social welfare policy in the period from January 2004 to August 2014. The used methodologies are the Vector auto regression model - VAR and Error Correction Vector - VEC. The conclusion, was that there is a meaningful relationship between macroeconomic variables and social assistance programs. This indicates that if the government takes a more abrupt resolution in changing the existing programs it will result in fluctuations in the main macroeconomic variables interfering with the stability of Brazilian domestic economy up to twelve months.

  8. Associations Between the Macroeconomic Indicators and Suicide Rates in India: Two Ecological Studies.

    Science.gov (United States)

    Rajkumar, Anto P; Senthilkumar, P; Gayathri, K; Shyamsundar, G; Jacob, K S

    2015-01-01

    While western studies have focused on the importance of psychiatric illnesses in the complex pathways leading to suicides, several Indian studies have highlighted the important contributions by economic, social, and cultural factors. Hence, we tested the hypothesis that annual national suicide rates and suicide rates of the different states in India were associated with macroeconomic indices. Data from the National crime records bureau, Ministry of finance, labour bureau, Government of India, population commission, and planning commission official portals, World Bank and the United Nations were accessed. We assessed the correlations of annual national and state-wise suicide rates with macroeconomic, health, and other indices using ecological study design for India, and for its different states and union territories. We documented statistically significant associations between the suicide rates and per capita gross domestic product, consumer price index, foreign exchange, trade balance, total health expenditure as well as literacy rates. As recent economic growth in India is associated with increasing suicide rates, macroeconomic policies emphasizing equitable distribution of resources may help curtailing the population suicide rates in India.

  9. The Relationship between Macroeconomic Variables and ISE Industry Index

    Directory of Open Access Journals (Sweden)

    Ahmet Ozcan

    2012-01-01

    Full Text Available In this study, the relationship between macroeconomic variables and Istanbul Stock Exchange (ISE industry index is examined. Over the past years, numerous studies have analyzed these relationships and the different results obtained from these studies have motivated further research. The relationship between stock exchange index and macroeconomic variables has been well documented for the developed markets. However, there are few studies regarding the relationship between macroeconomic variables and stock exchange index for the developing markets. Thus, this paper seeks to address the question of whether macroeconomic variables have a significant relationship with ISE industry index using monthly data for the period from 2003 to 2010. The selected macroeconomic variables for the study include interest rates, consumer price index, money supply, exchange rate, gold prices, oil prices, current account deficit and export volume. The Johansen’s cointegration test is utilized to determine the impact of selected macroeconomic variables on ISE industry index. The result of the Johansen’s cointegration shows that macroeconomic variables exhibit a long run equilibrium relationship with the ISE industry index.

  10. European policies in the management of tuberculosis among migrants

    Directory of Open Access Journals (Sweden)

    Lia D’Ambrosio

    2017-03-01

    Full Text Available Globally 10.4 million new tuberculosis (TB incident cases were estimated to have occurred in 2015, of which 3% were reported in the World Health Organization European Region. Importantly, about 25% of the global multidrug-resistant TB (MDR-TB cases are reported in the European Region, representing one of the greatest challenges to TB control; these are reported particularly in the countries of the Former Soviet Union. Over a quarter of TB cases in the European Union and European Economic Area (EU/EEA are reported among foreign-born individuals. In line with the recent increase of migration flows towards Europe, TB among migrant populations is also on the rise, emphasizing the need for a better understanding of the TB trends at the regional and sub-regional levels, and of the existing policies on migrants and refugees. The present article is aimed at describing the policies and practices of European countries with a low and intermediate TB incidence with regard to the detection and management of TB and latent TB infection (LTBI among refugees in Europe.

  11. Waste management policy and its implementation in Argentina

    International Nuclear Information System (INIS)

    Migliori de Beninson, A.; Palacios, E.

    1984-01-01

    The Argentine nuclear programme is an example of an expanding nuclear power development programme which provides for the reprocessing of spent fuel and the recycling of the plutonium produced. It also covers all stages of the natural uranium fuel cycle. The present paper outlines the radioactive waste management policy behind the programme, with particular reference to high-level waste and actinides. The basic criteria are the limitation of individual risks, taking into account the probability of, and doses resulting from, events disrupting the geological insulation, and the optimization of protection engineering aspects, equal monetary weight being given to present and future collective doses. An estimate of the impact (represented by the collective dose due to the repository) per unit of electricity generated by the nuclear programme has been used to analyse the acceptability of the solution adopted. (author)

  12. The new Japanese policy for TRU-waste management

    International Nuclear Information System (INIS)

    Yamamoto, M.

    1992-01-01

    In July 1991, the Advisory Committee on Radioactive Waste of the Japan Atomic Energy Commission announced its report on a new Japanese policy for TRU-waste management. The total volume of radioactive wastes which contain TRU nuclides has reached the equivalent of about 40,000,200-liter drums, and is expected to grow to about 300,000 drums by the year 2010. Further development is required to reduce the volume of the existing waste and to decrease the amount of waste being generated. Wastes with concentration levels exceeding a threshold limit of 1 Giga-Becquerel per ton will be disposed in an underground facility. Those wastes with lower activities will be sent to a shallow-land burial facility. The goal of research and development is the completion of the disposal system by the late 1990's. (author)

  13. Environmental Policy of Mangroves Management in Rembang Regency

    Science.gov (United States)

    Roziqin, Ali

    2018-02-01

    Mangrove area is an area overgrown mangrove in a natural or artificial, to maintain the environmental sustainability of coastal areas. In addition to maintaining the ecosystem of biodiversity, the mangrove area also has a role to social-economic, and socio-cultural. Rembang regency is one of the districts on the north coast of Java which has a large mangrove area. However, due to the high economic activity in the region of Rembang Regency, the mangrove area becomes less and damaged. This research to describe how environmental policy to manage mangrove area in Rembang regency with qualitative descriptive approach. The result is the role of government and society gradually able to restore mangrove ecosystem. Moreover the district government through Environmental Agency has made a masterplan for the development of mangrove ecotourism in Pasarbanggi Village. The existence of sustainable mangrove conservation has a positive impact on the environment and society.

  14. Biological invasions: recommendations for U.S. policy and management.

    Science.gov (United States)

    Lodge, David M; Williams, Susan; MacIsaac, Hugh J; Hayes, Keith R; Leung, Brian; Reichard, Sarah; Mack, Richard N; Moyle, Peter B; Smith, Maggie; Andow, David A; Carlton, James T; McMichael, Anthony

    2006-12-01

    The Ecological Society of America has evaluated current U.S. national policies and practices on biological invasions in light of current scientific knowledge. Invasions by harmful nonnative species are increasing in number and area affected; the damages to ecosystems, economic activity, and human welfare are accumulating. Without improved strategies based on recent scientific advances and increased investments to counter invasions, harm from invasive species is likely to accelerate. Federal leadership, with the cooperation of state and local governments, is required to increase the effectiveness of prevention of invasions, detect and respond quickly to new potentially harmful invasions, control and slow the spread of existing invasions, and provide a national center to ensure that these efforts are coordinated and cost effective. Specifically, the Ecological Society of America recommends that the federal government take the following six actions: (1) Use new information and practices to better manage commercial and other pathways to reduce the transport and release of potentially harmful species; (2) Adopt more quantitative procedures for risk analysis and apply them to every species proposed for importation into the country; (3) Use new cost-effective diagnostic technologies to increase active surveillance and sharing of information about invasive species so that responses to new invasions can be more rapid and effective; (4) Create new legal authority and provide emergency funding to support rapid responses to emerging invasions; (5) Provide funding and incentives for cost-effective programs to slow the spread of existing invasive species in order to protect still uninvaded ecosystems, social and industrial infrastructure, and human welfare; and (6) Establish a National Center for Invasive Species Management (under the existing National Invasive Species Council) to coordinate and lead improvements in federal, state, and international policies on invasive species

  15. Realized Bond-Stock Correlation: Macroeconomic Announcement Effects

    DEFF Research Database (Denmark)

    Christiansen, Charlotte; Ranaldo, Angelo

    2005-01-01

    We investigate the effects of macroeconomic announcements on the realized correlation between bond and stock returns. Our results deliver insights into the dominating drivers of bond-stock comovements. We find that it is not so much the surprise component of the announcement, but the mere fact...... that an announcement occurs that influences the realized bond-stock correlation. The impact of macroeconomic announcements varies across the business cycle. Announcement effects are highly dependent on the sign of the realized bond-stock correlation which has recently gone from positive to negative. Macroeconomic...... announcement effects on realized bond and stock volatilities are also investigated....

  16. A Polynomial Term Structure Model with Macroeconomic Variables

    Directory of Open Access Journals (Sweden)

    José Valentim Vicente

    2007-06-01

    Full Text Available Recently, a myriad of factor models including macroeconomic variables have been proposed to analyze the yield curve. We present an alternative factor model where term structure movements are captured by Legendre polynomials mimicking the statistical factor movements identified by Litterman e Scheinkmam (1991. We estimate the model with Brazilian Foreign Exchange Coupon data, adopting a Kalman filter, under two versions: the first uses only latent factors and the second includes macroeconomic variables. We study its ability to predict out-of-sample term structure movements, when compared to a random walk. We also discuss results on the impulse response function of macroeconomic variables.

  17. Emergent Macroeconomics An Agent-Based Approach to Business Fluctuations

    CERN Document Server

    Delli Gatti, Domenico; Gallegati, Mauro; Giulioni, Gianfranco; Palestrini, Antonio

    2008-01-01

    This book contributes substantively to the current state-of-the-art of macroeconomics by providing a method for building models in which business cycles and economic growth emerge from the interactions of a large number of heterogeneous agents. Drawing from recent advances in agent-based computational modeling, the authors show how insights from dispersed fields like the microeconomics of capital market imperfections, industrial dynamics and the theory of stochastic processes can be fruitfully combined to improve our understanding of macroeconomic dynamics. This book should be a valuable resource for all researchers interested in analyzing macroeconomic issues without recurring to a fictitious representative agent.

  18. Internet Access: How to Design and Test an Internet Use/Management Policy

    National Research Council Canada - National Science Library

    Montgomery, Doris

    2001-01-01

    The Internet is filled with tremendous marketing potential and vulnerabilities, organizations should develop polices that offer both Internet Usage/Management policies that are consisted with their organization...

  19. Proceedings of a Workshop on Policy and Procedures for Water Management, Allocation, and Conflicting Use Resolution

    National Research Council Canada - National Science Library

    Burnham, Michael

    1996-01-01

    The Corps Hydraulics and Hydrology Branch, HQUSACE, sponsored a workshop entitled, 'Policy and Procedures for Water Management, Allocation, and Conflicting Use Resolution', on 30 January - 1 February...

  20. The partnership between park wild life management policy and landscape wild life management policy. How shall we then manage?

    Science.gov (United States)

    Halvorson, William L.; Eastin, Chris

    1999-01-01

    Resources management practices are changing in North America, not only based on greater understanding of the resources that are being managed, but also on some critical sociological relationship changes between human beings and between humans and nature. The entire way that humans look at the natural world and our own society is changing dramatically as we come to the end of the twentieth century. Managers are changing from making belief-based decisions to making informed knowledge-based decisions through better science programs. Society appears to increasingly be making a shift to a community mind-set, a mind-set of connectedness and interdependence, and away from strict individualism. Managers appear to be ready to embrace the concept of unity and wholeness; to understand that humans and nature are inextricably tied to each other’s wellbeing

  1. Macroeconomic impacts of oil price shocks in Asian economies

    International Nuclear Information System (INIS)

    Cunado, Juncal; Jo, Soojin; Perez de Gracia, Fernando

    2015-01-01

    This paper analyzes the macroeconomic impact of structural oil shocks in four of the top oil-consuming Asian economies, using a VAR model. We identify three different structural oil shocks via sign restrictions: an oil supply shock, an oil demand shock driven by global economic activity and an oil-specific demand shock. The main results suggest that economic activity and prices respond very differently to oil price shocks depending on their types. In particular, an oil supply shock has a limited impact, while a demand shock driven by global economic activity has a significant positive effect in all four Asian countries examined. Our finding also includes that policy tools such as interest rates and exchange rates help mitigating the effects of supply shocks in Japan and Korea; however, they can be more actively used in response to demands shocks. - Highlights: • We analyze the effects of three structural oil price shocks on Asian economies. • Supply shocks have limited impact on the economic activity of Asian economies examined. • Demand shocks due to economic activity boosts GDP of all economies. • CPIs in India and Indonesia were only marginally affected by oil price shocks. • Monetary and exchange rate tools help mitigating supply shocks in Korea and Japan.

  2. Local Management of National Cluster Policies: Comparative Case Studies of Japanese, German, and French Biotechnology Clusters

    Directory of Open Access Journals (Sweden)

    Hiroyuki Okamuro

    2015-11-01

    Full Text Available Cluster policies have attracted increasing attention worldwide, but only a few studies have focused on their management by local cluster organizations. We investigate the relationship between national cluster policies and their management by local cluster organizations from a comparative perspective. For this purpose, we provide a detailed comparison of national cluster policies in Japan, Germany, and France as well as six prominent biotechnology clusters in these countries. Information on the focal clusters and on the management of cluster policies was obtained using semi-structured interviews with cluster managers. We find that national cluster policies considerably differ among these countries according to basic conditions of clusters and that the patterns of national cluster policy are closely related to those of local cluster management, despite some differences between clusters in the same country caused by various regional characteristics.

  3. Regulatory policy for radioactive waste management in Korea

    Energy Technology Data Exchange (ETDEWEB)

    Park, Won Jae; Park, Sang Hoon; Suk, Tae Won [Korea Institute of Nuclear Safety, Daejeon (Korea, Republic of)

    1991-07-01

    At present, more than a half of national power demand in Korea has been supplied by nuclear power and it is planned to install more nuclear power plants into the grid to meet long term power projections. Correspondingly, 9 nuclear power plants (8 PWR and 1 PHWR) are in operation and construction permission for an additional 2 plants (PWR 1000 MW class) has been already issued by the end of 1989. Besides, it is expected by the next year that construction permissions for 3 more plants (2 PWR and 1 PHWR) will be applied for. Accordingly, it is certain that the production of radioactive waste would drastically increase with the increase of nuclear power plants and the related facilities. However, radiological hazard and environmental contamination which could be caused from the radioactive wastes, would be avoided through effective regulatory control. In this paper, their roles, responsibilities, and relationship between nuclear power industries and regulatory body in accordance with the national regulatory system amended at the early of the year 1990 are presented. As well, present status of standards and regulation regarding radioactive waste management and its regulation, legal system and policy in relation to radioactive waste management are introduced.

  4. Integrating science, policy and stakeholder perspectives for water resource management

    Science.gov (United States)

    Barbour, Emily; Allan, Andrew; Whitehead, Paul; Salehin, Mashfiqus; Lazzar, Attila; Lim, Michelle; Munsur Rahman, Md.

    2015-04-01

    Successful management of water resources requires an integrated approach considering the complex relationships between different biophysical processes, governance frameworks and socio-economic factors. The Ecosystem Services for Poverty Alleviation (ESPA) Deltas project has developed a range of socio-economic scenarios using a participatory approach, and applied these across different biophysical models as well as an integrated environmental, socio-economic model of the Ganges-Brahmaputra-Meghna (GBM) Delta. This work demonstrates a novel approach through the consideration of multiple ecosystem services and related socio-economic factors in the development of scenarios; the application of these to multiple models at multiple scales; and the participatory approach to improve project outcomes and engage national level stakeholders and policy makers. Scenarios can assist in planning for an uncertain future through exploring plausible alternatives. To adequately assess the potential impacts of future changes and management strategies on water resources, the wider biophysical, socio-economic and governance context needs to be considered. A series of stakeholder workshops have been held in Bangladesh to identify issues of main concern relating to the GBM Delta; to iteratively develop scenario narratives for business as usual, less sustainable, and more sustainable development pathways; and to translate these qualitative scenarios into a quantitative form suitable for analysis. The combined impact of these scenarios and climate change on water quantity and quality within the GBM Basin are demonstrated. Results suggest that climate change is likely to impact on both peak and low flows to a greater extent than most socio-economic changes. However, the diversion of water from the Ganges and Brahmaputra has the potential to significantly impact on water availability in Bangladesh depending on the timing and quantity of diversions. Both climate change and socio

  5. Enhanced Debt Management: solving the eurozone crisis by linking debt management with fiscal and monetary policy

    OpenAIRE

    Werner, Richard A.

    2014-01-01

    Unconventional approaches to suit unusual circumstances have become acceptable in monetary policy, a formerly highly conservative discipline. In this paper it is argued that unconventional approaches should also be considered in sovereign debt management, in order to contribute to resolving the eurozone sovereign debt crisis. First, the Troika crisis lending to indebted sovereign borrowers in the eurozone is reviewed and compared with standard IMF post-crisis lending. The main difference and ...

  6. DE-FG02-04ER25606 Identity Federation and Policy Management Guide: Final Report

    Energy Technology Data Exchange (ETDEWEB)

    Humphrey, Marty, A

    2011-05-25

    The goal of this 3-year project was to facilitate a more productive dynamic matching between resource providers and resource consumers in Grid environments by explicitly specifying policies. There were broadly two problems being addressed by this project. First, there was a lack of an Open Grid Services Architecture (OGSA)-compliant mechanism for expressing, storing and retrieving user policies and Virtual Organization (VO) policies. Second, there was a lack of tools to resolve and enforce policies in the Open Services Grid Architecture. To address these problems, our overall approach in this project was to make all policies explicit (e.g., virtual organization policies, resource provider policies, resource consumer policies), thereby facilitating policy matching and policy negotiation. Policies defined on a per-user basis were created, held, and updated in MyPolMan, thereby providing a Grid user to centralize (where appropriate) and manage his/her policies. Organizationally, the corresponding service was VOPolMan, in which the policies of the Virtual Organization are expressed, managed, and dynamically consulted. Overall, we successfully defined, prototyped, and evaluated policy-based resource management and access control for OGSA-based Grids. This DOE project partially supported 17 peer-reviewed publications on a number of different topics: General security for Grids, credential management, Web services/OGSA/OGSI, policy-based grid authorization (for remote execution and for access to information), policy-directed Grid data movement/placement, policies for large-scale virtual organizations, and large-scale policy-aware grid architectures. In addition to supporting the PI, this project partially supported the training of 5 PhD students.

  7. THE EVOLUTION OF THE MACROECONOMIC STABILISATION PENTAGON IN ROMANIA, CZECH REPUBLIC AND HUNGARY

    Directory of Open Access Journals (Sweden)

    Ionita Rodica Oana

    2015-07-01

    Full Text Available This paper aims to achieve the pentagon analysis of macroeconomic stabilization in Romania, Czech Republic and Hungary in the period 2000 to 2013. It is a comparative analysis of the countries above mentioned in terms of the five key targets of economic policy, aiming the increasing, dynamic balance of each economy: economic growth rate, unemployment rate, inflation rate, the budget deficit as a percentage of Gross Domestic Product, the current account deficit of the balance of payments as a percentage of Gross Domestic Product. The main objective of each economy which passes from planned to market economy should be to cease the economic decline, followed by the elimination of internal and external imbalances and only after that it should be followed by a continuous growth process. All the above mentioned indicators shall be represented on an ad hoc graduated scale. The period of research was chosen so as to obtain a view of the macroeconomic policies in transition from one period to another, in order to highlight the common as well as the main differences in the approach used for economy stabilization. Therefore I have computed the graphical analysis of macroeconomic stabilization pentagon for the three countries in the period 2000- 2013 to captures the dynamics of the economic policy mix. This benchmark tool shows the interdependence which exists between inflation and other important economic indicators. The events occurred in the period starting with 2007/2008 have raised the interest of economics researchers, highlighting the need for significant improvements in the surveillance of the economic and financial system. The global fragility generated concerns regarding the vulnerabilities and causes which led to the occurrence of such events, thus generating different measurement techniques. Despite all its advantages, this approach has a significant limitation consisting in the fact that it can only reveal a picture without surprising other

  8. Policies of natural Resources Management and Environmental Economic Advantages - Attractions in Kosovo

    Directory of Open Access Journals (Sweden)

    Afrim Selimaj

    2015-11-01

    Full Text Available Ecosystem management is a recent alternative policy proposed by the Kosovo government to address a new generation of environmental issues. All Kosovo agency managements are currently exploring the concept of ecosystem management and their implications. Their activities are focused in the management of land and natural resources, by developing policy guidelines regarding the management of the ecosystem and the efforts undertaken that are only one layer of a larger phenomenon nationwide. Similar activities occur at the state and local levels, as well as within the NGO sector. In this sense, this paper addresses two questions: What is the policy of ecosystem management? Would Ecosystem management remain only a land management policy and resource?

  9. 77 FR 64393 - Delegation of Authority for the Office of Field Policy and Management

    Science.gov (United States)

    2012-10-19

    ...Through this notice, the Secretary of the Department of Housing and Urban Development delegates to the Assistant Deputy Secretary for Field Policy and Management authority for the management and oversight of the Department's field operations.

  10. International and Domestic Sustainable Forest Management Policies: Distributive Effects on Power among State Agencies in Bangladesh

    Directory of Open Access Journals (Sweden)

    Lukas Giessen

    2016-04-01

    Full Text Available The last two decades of forest policy discussions have been dominated by calls for sustainable management of forest resources. Consequently, multiple international and domestic policies, supporting sustainable forest management (SFM, have evolved in numerous jurisdictions. Policies in developing countries often rely on foreign donors’ projects, which supplement domestic SFM policy. These policies assign various policy tasks to specific public bureaucracies, who then compete for these very tasks, as well as the related staff and budgets. Therefore, project and policy task assignment greatly influences bureaucratic power. This article analyzes the distributive effects of SFM policy on power (in terms of coercion, incentives and dominant information among relevant domestic and foreign donor bureaucracies in Bangladesh. Concepts from power theory, bureaucratic politics theory, and concepts of policy and policy process were combined to analyze 121 Bangladeshi SFM policies from 1992–2013, which assign a total of 1012 policy tasks to specific public bureaucracies. Using qualitative content analysis, inferences about power were assigned to specific competing bureaucracies by the totality of SFM policies made. Results identify domestic and foreign bureaucracies whose power distribution benefit most from the SFM policies viz. their competitors. It is concluded that bureaucracies gaining the most power set the limits and directions in designing, implementing and evaluating various elements of any national SFM policies.

  11. Inflows and their Macroeconomic Impact in India a VAR Analysis

    Directory of Open Access Journals (Sweden)

    Narayan Sethi

    2012-12-01

    Full Text Available The present study attempts to examine the effects of private foreign capital inflows (FINV on macroeconomic variables in India. The study also examines the trends and composition of capital inflows into India. Using the Vector Autoregression (VAR method, this paper specifically examines effects of private foreign capital inflows (FINV on macroeconomic variables in India. This study is based on the monthly data from 1995:04 to 2011:07 and incorporating the macroeconomic variables such as exchange rate (EXR, inflation, money supply (M3, export (EXPO, import (IMP, foreign exchange reserve (FOREX and economic growth (IIP as proxy of GDP. The important observations emerge from the VAR analysis which shows there is dynamic short and long equilibrium relationship between few macroeconomic variables like exchange rate (EXR, foreign exchange reserve (FOREX, index of industrial production (IIP and money supply (M3 with private foreign capital inflows (FINV during the study period from 1995:04 to 2011:07

  12. Fractional-order in a macroeconomic dynamic model

    Science.gov (United States)

    David, S. A.; Quintino, D. D.; Soliani, J.

    2013-10-01

    In this paper, we applied the Riemann-Liouville approach in order to realize the numerical simulations to a set of equations that represent a fractional-order macroeconomic dynamic model. It is a generalization of a dynamic model recently reported in the literature. The aforementioned equations have been simulated for several cases involving integer and non-integer order analysis, with some different values to fractional order. The time histories and the phase diagrams have been plotted to visualize the effect of fractional order approach. The new contribution of this work arises from the fact that the macroeconomic dynamic model proposed here involves the public sector deficit equation, which renders the model more realistic and complete when compared with the ones encountered in the literature. The results reveal that the fractional-order macroeconomic model can exhibit a real reasonable behavior to macroeconomics systems and might offer greater insights towards the understanding of these complex dynamic systems.

  13. Essays in political economy and resource economic : A macroeconomic approach

    NARCIS (Netherlands)

    Rodriguez Acosta, Mauricio

    2016-01-01

    This dissertation consists of four chapters in Political Economy and Resource Economics from a macroeconomic perspective. This collection of works emphasizes the endogenous nature of institutions and their importance for economic development. The four chapters revolve around two central questions:

  14. Interactive macroeconomics stochastic aggregate dynamics with heterogeneous and interacting agents

    CERN Document Server

    Di Guilmi, Corrado

    2017-01-01

    One of the major problems of macroeconomic theory is the way in which the people exchange goods in decentralized market economies. There are major disagreements among macroeconomists regarding tools to influence required outcomes. Since the mainstream efficient market theory fails to provide an internal coherent framework, there is a need for an alternative theory. The book provides an innovative approach for the analysis of agent based models, populated by the heterogeneous and interacting agents in the field of financial fragility. The text is divided in two parts; the first presents analytical developments of stochastic aggregation and macro-dynamics inference methods. The second part introduces macroeconomic models of financial fragility for complex systems populated by heterogeneous and interacting agents. The concepts of financial fragility and macroeconomic dynamics are explained in detail in separate chapters. The statistical physics approach is applied to explain theories of macroeconomic modelling a...

  15. Macroeconomic, monetary and social influences of equivalent energy production policies

    International Nuclear Information System (INIS)

    Lattes, Robert; Thiriet, Lucien.

    1979-02-01

    This report comprises two parts. In part two, the basic hypothesis chosen is presented in detail, namely: provide the end user with the same service. It is assumed that the aim is to provide him with the same guaranteed amount of electricity over a long time, in other words the same number of kWh as with a nuclear programme taken as reference. The following are evaluated in turn for the power station programmes: the capital expenditure, annual returns, operating and fuel costs, cash flow evaluations, currency expenditure, jobs cumulated energy expenses, financial charges, energy independence indicators. In part one a synthesis based on the results and the various tables of part two is presented [fr

  16. MACROECONOMIC POLICIES AND TRENDS IN RESTRUCTURING OF THE ROMANIAN ECONOMY

    Directory of Open Access Journals (Sweden)

    MUNGIU-PUPĂZAN MARIANA CLAUDIA

    2011-03-01

    Full Text Available Challenges triggered by the current economic and financial crisis are multiple. In the short term the main challenge is finding solutions that will restore investor confidence and long-term consumatorilor.Pe, the main challenge is to adjust the principles that guide the international financial system reform, mainly relating to transparency, improvement of accounting rules on securities, insurance regulation firms and markets appropriate financial products and strengthen cooperation between the world's financial institutions including the IMF's governance structure modernization and World Bank

  17. Macroeconomic stabilization and monetary policy nexus in Nigeria ...

    African Journals Online (AJOL)

    This paper develops the Central Bank reaction function and investigates the extent to which the Central Bank of Nigeria in recent years has been successful in addressing adverse changes in prices and the naira exchange rate. The result indicates that the CBN was successful in controlling inflation and depreciation of the ...

  18. The macroeconomic effects of fiscal policy in Algeria | Kori Yahia ...

    African Journals Online (AJOL)

    In this paper, we analyze the impact of fiscal shocks on the Algerian economy using structural vector auto regression models (SVAR) recursive approach methodology during the period 1970- 2012. The results consistently show positive government spending shocks as having a positive effect on output around 0.10%.

  19. The Third Reich’s Macroeconomic Policies: Enablers of Genocide

    Science.gov (United States)

    2012-06-08

    most extreme solution of which is called Bolshevism, whose essence and aim, however, is solely the elimination of those strata of mankind which have...year plan was the understanding that Germany, as a self- sufficient nation required the ability to produce its own food supply. Overpopulated and...

  20. Macroeconomics of natural disasters : Meta-analysis and policy options

    NARCIS (Netherlands)

    P.A.G. van Bergeijk (Peter); S. Lazzaroni (Sara)

    2013-01-01

    textabstractWe use the case of the impact of natural disasters to analyse strengths and weaknesses of meta-analysis in an emerging research field. Macroeconomists have published on this issue since 2002 (we identified 22 studies to date). The results of the studies are contradictory and

  1. Impacts of macro-economic and goverment policies on Nigeria's ...

    African Journals Online (AJOL)

    Data were collected on aggregate agricultural output, past real government expenditures on agriculture, economically active population in agriculture, area under agricultural activities, labour productivity in agriculture, and weather indices. Data were analyzed by applying the ordinary least squares multiple regression ...

  2. The Global Financial Crisis and Macroeconomic Policy Issues in Asia

    OpenAIRE

    Shinji Takagi

    2009-01-01

    The global financial crisis severely impacted Asia from late 2008 to early 2009 (Figure 1). Although the initial impact appeared limited, the region was directly hit when the crisis spread to the real sector and caused the volume of world trade to collapse. According to the latest projection by the International Monetary Fund (2009), real gross domestic product (GDP) growth is forecast to decline in industrial Asia (Japan, Australia, and New Zealand) from 3.2% in 2007 to -2.3% in 20091; from ...

  3. Policies to promote the waste management hierarchy : with special attention to the paper cycle in Europe

    NARCIS (Netherlands)

    Beukering, van P.J.H.; Brander, L.M.

    2004-01-01

    The main objective of this study was to review policy instruments available to promote aspects of the waste management hierarchy. The motivation of this review is embedded in two questions: (1) What policy instruments are most effective in promoting the waste hierarchy? and, (2) Should EU policies

  4. Macroeconomic Synchronization and Policy Coordination After Regional Economic Integration in the Americas El impacto de la integración económica regional en la sincronización macroeconómica y la coordinación de políticas L’impact de l’intégration économique régionale sur la synchronisation macroéconomique et la coordination des politiques

    Directory of Open Access Journals (Sweden)

    Helen Chang

    2011-08-01

    Full Text Available In spite of many significant differences between high-income and developing country partners in the North American Free Trade Agreement (NAFTA, business cycle synchronization has followed increased trade integration in the post-NAFTA period. There is also some preliminary support for some convergence between Dominican Republic-Central American Free Trade Agreement (CAFTA-DR economies post-CAFTA-DR, although it is too soon to reach any significant conclusions. Macroeconomic synchronization has important implications for policy making because it indicates the need for and benefits from policy coordination. Policy coordination with high-income partners may benefit developing country partners by reducing macroeconomic volatility and increase stability, when macroeconomic variability is due to common shocks and not country-specific shocks. Idiosyncratic volatility would require monetary and fiscal policy autonomy rather than coordination. Examining policy coordination between NAFTA states and between CAFTA-DR members, I find little evidence for policy coordination before and after implementation of the FTA. For the developing partners in NAFTA and CAFTA-DR, even as trade integration shrinks the available policy options for member states, the costs of losing policy autonomy largely outweigh the benefits of coordination because of the idiosyncratic macroeconomic variability of the developing partners.A pesar de las numerosas diferencias significativas que existen entre los países de renta alta y los países en desarrollo miembros del Tratado de Libre Comercio de América del Norte (TLCAN, la sincronización de los ciclos económicos ha seguido a una integración comercial en aumento desde la entrada en vigor del TLCAN. Asimismo, existen pruebas de que algunas economías del CAFTA-DR (Tratado de Libre Comercio entre República Dominicana, Centroamérica y Estados Unidos muestran también una cierta convergencia de los ciclos económicos pese a que es

  5. Macroeconomic Factors and the Correlation of Stock and Bond Returns

    OpenAIRE

    Lingfeng Li

    2003-01-01

    This paper examines the correlation between stock and bond returns. It first documents that the major trends in stock-bond correlation for G7 countries follow a similar reverting pattern in the past forty years. Next, an asset pricing model is employed to show that the correlation of stock and bond returns can be explained by their common exposure to macroeconomic factors. The link between the stock-bond correlation and macroeconomic factors is examined using three successively more realistic...

  6. How Macroeconomic Imbalances Interact? Evidence from a Panel VAR Analysis

    OpenAIRE

    Blaise Gnimassoun; Valérie Mignon

    2013-01-01

    This paper aims at investigating the interactions between three key macroeconomic imbalances, namely Global imbalances,current-account discrepancies (external imbalances), output gaps (internal imbalances), and exchange-rate misalignments. To this end, we rely on the estimation of a panel VAR model for a sample of 22 industrialized countries over the 1980-2011 period. Our findings show that macroeconomic imbalances strongly interact through a causal relationship. We evidence that if current-a...

  7. Financial Development and Macroeconomic Volatility. Evidence from OECD Countries

    OpenAIRE

    Hahn, Franz R.

    2003-01-01

    This paper discusses the link between financial development and macroeconomic volatility by exploring some of the ways through which financial development may affect business cycle fluctuations. To be specific, we examine whether stock market development exerts an unambiguous effect on macroeconomic volatility. Building on theoretical work related to two different strands, we also investigate the role financial development has in the propagation of real and monetary shocks. Using a panel data...

  8. The Review of Stock Returns and Macroeconomic Variables

    OpenAIRE

    Ali Umar Ahmad; Adam Abdullah; Zunaidah Sulong; Ahmad Tijjani Abdullahi

    2015-01-01

    This study aims to review a number of studies on stock market returns and macroeconomic variables. The reviewed literature are categorised into three groups: literature related to developed countries, literature related to developing countries, and literature related to group countries. Moreover, the various empirical studies reviewed show mixed results and conclusions. In some studies, strong positive relationships are found to exist between stock returns and macroeconomic fundamentals and i...

  9. Research in the service of modern macroeconomic analysis

    Directory of Open Access Journals (Sweden)

    Pantelić Svetlana

    2014-01-01

    Full Text Available Thomas Sargent and Christopher Sims, American professors, conducted independent scientific researches back in the 1970s and 1980s, yet the explanation of the 2011 Nobel Prize Committee of the Royal Swedish Academy states that the methods they developed are among the crucial tools in today's macroeconomic analysis. More precisely, they were awarded for their empirical research on cause and effect in macroeconomics.

  10. Macroeconomics Variables and the Stock Market : The Case of Russia

    OpenAIRE

    Yelyubayev, Talgat

    2011-01-01

    This study investigates the relationship between macroeconomic variables and the Russian stock market. Following macroeconomic variables are used: industrial production, consumer price index, discount rate, exchange rate and oil prices. Index of the MICEX stock exchange is chosen to represent the Russian market. Monthly time series data of mentioned variables are used and time span covers September 1997 to April 2011 period. Empirical analysis consists of applying Augmented Dickey-Fuller (ADF...

  11. Rational Choise and Policy Implementation; Implications for Interorganizational Network Management

    NARCIS (Netherlands)

    O'Toole, Laurence J.

    1995-01-01

    Research on interorganizational policy implementation continues to be characterized by diverse theoretical approaches. It is perhaps surprising to observe, however, that formal and especially rational-choice approaches have been essentially neglected in the study of policy implementation processes.

  12. Wartime Distribution Operations: Roles of Focused Logistics, Velocity Management, Strategic Distribution Policy and Air Clearance Policy

    National Research Council Canada - National Science Library

    Gardner, Mark

    2004-01-01

    ...) and service policies on materiel consolidation and air clearance authority. The paper argues that developing common DoD and services policies for materiel consolidation and air clearance will result in a more effective joint distribution system...

  13. Quantifying fishers' and citizens' support for Dutch flatfish management policy

    NARCIS (Netherlands)

    Groeneveld, R.A.

    2011-01-01

    Fisheries policy is most effective when supported by fishers and the general public. Dutch citizens' and fishers' support for a selection of policy alternatives to enhance the sustainability of the Dutch North Sea cutter fleet is estimated, and the same groups' support for policy alternatives is

  14. Perceptions and Implications of No-Fee School Policy: School-Based Management Perspectives

    Science.gov (United States)

    Naong, M. N.

    2013-01-01

    The inception of no-fee schools and a school-fee exemption policy has become a contentious issue but also an exciting one for school managers in South Africa. Managers opposed to the policy have cited amongst others things, academic standards dropping, as well as parents who can afford to pay jumping on the bandwagon and refusing to pay. While the…

  15. 75 FR 13656 - Interagency Policy Statement on Funding and Liquidity Risk Management

    Science.gov (United States)

    2010-03-22

    .... It is largely dependent upon the structure of the credit union and the inherent risks present, which... Interagency Policy Statement on Funding and Liquidity Risk Management AGENCY: Office of the Comptroller of the... policy statement summarizes the principles of sound liquidity risk management that the agencies have...

  16. The success of a policy model: Irrigation management transfer in Mexico

    NARCIS (Netherlands)

    Rap, E.R.

    2004-01-01

    This thesis studies the emergence, process and outcomes of the Mexican policy of Irrigation Management Transfer (IMT). Under the influence of neo-liberal government policies, the transfer of government-managed irrigation districts to water users' associations (WUAs) has radically changed irrigation

  17. Development of a national health care waste management policy for South Africa

    CSIR Research Space (South Africa)

    Molefe, GS

    2006-09-01

    Full Text Available A Policy for Health Care Risk Waste (HCRW) Management is being developed by the Department of Environmental Affairs and Tourism in collaboration with the national Department of Health. The HCRW Management Policy aims at: i) Setting of standards...

  18. 24 CFR 990.310 - Purpose-General policy on financial management, monitoring and reporting.

    Science.gov (United States)

    2010-04-01

    ... 24 Housing and Urban Development 4 2010-04-01 2010-04-01 false Purpose-General policy on financial... HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT THE PUBLIC HOUSING OPERATING FUND PROGRAM Financial Management Systems, Monitoring, and Reporting § 990.310 Purpose—General policy on financial management...

  19. Integrated Assessment of the Policy of Working Capital Management in Housing and Utilities Enterprises

    Directory of Open Access Journals (Sweden)

    Vladimir Petrovich Poluyanov

    2017-06-01

    Full Text Available The article describes the approaches to the management of current assets in the enterprises of various industries in economic literature. We discuss theoretical, methodological and applied issues concerning the formation and improvement of the working capital management policy in utility companies, which require further study. The authors propose to assess the policy of working capital management in these enterprises by means of the integrated approach based on the system of reasoned indicators defining the type of working capital management policy. It includes indicators characterizing the policy of working capital management, management of the liquidity of working capital and the policy of financing sources management. The indicators which define the type of the policy of working capital management have been chosen as the most influential for each vector of the improvement of management policy. The range of values is set taking into account the current market conditions for the housing and utilities companies based on theoretical standard values adapted to modern situation. The paper proposes to use an integrated indicator for the evaluation of the policy of working capital management in housing and utilities enterprises. We have substantiated the technique of the integrated assessment of the policy of working capital management in housing and utilities companies. As an example of the application of this indicator, we defined the type of the policy of working capital management in Rostovvodokanal Company. The initial data for the calculation of integrated indicators are the official data on the structure of the balance and financial results of Rostovvodokanal Company during the period from 2012 to 2016. At the Rostovvodokanal Company, it is necessary to bring the type of the policy of working capital management and sources of its financing closer to moderate or conservative type. The authors have substantiated the optimal type of policy of

  20. Management of Resource Policy: How Mongolia Passes the Test

    Directory of Open Access Journals (Sweden)

    Jiří Mičánek

    2016-01-01

    Full Text Available Mongolia is quickly changing nowadays. This is also thanks to discoveries of enormous mineral wealth. Copper, coal, iron ore and gold in particular are responsible for an amazing growth performance that Mongolia continues to demonstrate over the last decade. As literature demonstrates, large windfalls in natural resources revenues often turn into a curse in the long run, inspiring the term ‘resource curse’. Resource abundant countries are often confronted with negative economic, social and political outcomes. Poor management of resource revenues is often the core of this problem. The article looks at the case of Mongolia. It runs eight tests related to competitiveness, to quality of institutions, to GDP and to growth rate determined by global mineral prices. The results are mixed: tests of institutional quality and volatility of prices has proved the hypothesis, however, the GDP growth and terms of trade tests haven’t shown any negative influence. The results offer a mixed picture (6 tests supporting and 2 tests not-supporting the hypothesis. At this stage, in overall, Mongolia is not yet facing the resource curse. Policy recommendations concern much needed stabilisation of the economy, improvement of institutional quality through legal reforms, and diversification of the economy.

  1. Water demand management: A policy response to climate change

    International Nuclear Information System (INIS)

    Rivers, R.; Tate, D.

    1990-01-01

    The impacts of climate change on the water resources of the Great Lakes region are discussed. It is predicted that there will be a relative water scarcity in the Great Lakes basin of Ontario as climate changes occur over the next two decades. Declines in water supply will be accompanied by deterioration in the quality of fresh water as higher temperatures and higher relative quantities of discharged wastewater to water bodies reduce both assimilative and dilutive capacity. The most cost effective policy is to encourage water conservation through programs of water demand management. Water should be priced at the point at which its marginal cost is equal to its marginal product, ie. if priced any higher, less efficient substitutes would be used. Not only would water usage, and subsequent degradation of used water, be reduced, but energy and other cost savings would be achieved. The additional costs that apply to water users could be returned to the communities as additional revenue to be applied against sewage treatment upgrades and other environmental enhancements. Communities involved in water study should consider the development of water use analysis models to assist with decision making about allocation, pricing and availability of water supplies. 10 refs

  2. 48 CFR 1552.211-79 - Compliance with EPA Policies for Information Resources Management.

    Science.gov (United States)

    2010-10-01

    ... Policies for Information Resources Management. 1552.211-79 Section 1552.211-79 Federal Acquisition... Information Resources Management (OCT 2000) (a) Definition. Information Resources Management (IRM) is defined... includes both information itself, and the management of information and related resources such as personnel...

  3. The Heterogeneous Impacts of Groundwater Management Policies in the Republican River Basin of Colorado

    Science.gov (United States)

    Hrozencik, R. A.; Manning, D. T.; Suter, J. F.; Goemans, C.; Bailey, R. T.

    2017-12-01

    Groundwater is a critical input to agricultural production across the globe. Current groundwater pumping rates frequently exceed recharge, often by a substantial amount, leading to groundwater depletion and potential declines in agricultural profits over time. As a result, many regions reliant on irrigated agriculture have proposed policies to manage groundwater use. Even when gains from aquifer management exist, there is little information about how policies affect individual producers sharing the resource. In this paper, we investigate the variability of groundwater management policy impacts across heterogeneous agricultural producers. To measure these impacts, we develop a hydroeconomic model that captures the important role of well capacity, productivity of water, and weather uncertainty. We use the model to simulate the impacts of groundwater management policies on producers in the High Plains aquifer of eastern Colorado and compare outcomes to a no-policy baseline. The management policies considered include a pumping fee, a quantity restriction, and an irrigated acreage fee. We find that well capacity and soil type affect policy impacts but in ways that can qualitatively differ across policy type. Model results have important implications for the distributional impacts and political acceptability of groundwater management policies.

  4. Macroeconomic trends and reforms in Germany

    Directory of Open Access Journals (Sweden)

    Roberto Sabbatini

    2010-01-01

    Full Text Available This paper traces the main macroeconomic developments in the German economy from national unification. Its performance is compared with that of the rest of the euro area and its largest economies. The study documents as GermanyÕs modest growth in the later 1990s was due to the restrictive impact on domestic demand coming from the deep restructuring and modernization of the production system, followed by sweeping reforms after the turn of the century. Rapid productivity increases and prolonged wage moderation, especially in industry, fuelled a large and mounting current account surplus in Germany, that compares with the deficits registered in most European countries. The study retraces the recent debate on how to correct those imbalances, recalling the arguments for and against the thesis that the countries with a current payments surplus, above all Germany, must also play an active role in fostering the adjustment of the deficit countries. A possible synthesis is proposed, based on an analysis of the formation of national income and the use of resources according to the national accounts system. The implication is that Germany may contribute to the correction of imbalances within the euro area not so much by altering the wage formation mechanism as by creating incentives for domestic investment, hence fostering employment creation, in the service sectors that are currently lagging behind the extraordinary perfomance of a number of core activities in the industry.

  5. Macroeconomic ambiance in the function of encouraging innovations and entrepreneurship: Case study of the state of Israel

    Directory of Open Access Journals (Sweden)

    Petrović Daliborka

    2016-01-01

    Full Text Available Subject matter of the paper includes the main factors necessary for the establishment of macroeconomic ambiance that fosters the development of innovations and entrepreneurship. The aim of the paper is to show that the role of the state (fiscal policy is not only important, but often decisive in the forming of macroeconomic conditions for self-initiative economic efforts of entrepreneurs and innovators. Therefore, the method used in this paper is the analysis of the fiscal policy, its instruments and measures as well as other activities in its domain, which contribute to the increase of entrepreneurship and innovations. Additionally, the method of case study is also used. Namely, since the State of Israel is worldly known as the 'start-up nation', the secondary research is conducted by analysis of the efforts of the fiscal policy and other activities in the State of Israel as a good practice for continuous improvement of macroeconomic ambience that encourages the ever increasing innovations and entrepreneurship undertakings. The main conclusion refers to the fact that empowering the innovations and entrepreneurship is necessary for the economic growth, and for the change of the economy's structure towards the more technically and technologically developed economic sectors.

  6. Flood Risk Management Policy in Scotland: Research Questions Past, Present and Future

    Science.gov (United States)

    Wilkinson, Mark; Hastings, Emily; MacDonald, Jannette

    2016-04-01

    Scotland's Centre of Expertise for Waters (CREW) delivers accessible research and expert opinion to support the Scottish Government and its delivery partners in the development and implementation of water policy. It was established in 2011 by the Scottish Government (Rural and Environmental Science and Analytical Services) in recognition of a gap in the provision of short term advice and research to policy (development and implementation). Key policy areas include the Water Framework Directive, Floods Directive, Drinking Water Directive, Habitats Directive and Scotland's Hydro Nation Strategy. CREW is unique in its demand-driven and free service for policy makers and practitioners, managing the engagement between scientists, policy makers and practitioners to work effectively across this interface. The users of CREW are the Scottish Government, Scottish Environment Protection Agency, Scottish Natural Heritage and Scottish Water. CREW has funded around 100 projects relating to water policy since its inception in 2011. Of these, a significant number relate to flood risk management policy. Based on a review of work to date, this poster will give an overview of these projects and a forward look at the challenges that remain. From learning from community led flood risk management to surface water flood forecasting for urban communities, links will be made between sustainable and traditional flood risk management while considering the perceptions of stakeholders to flood risk management. How can we deliver fully integrated flood risk management options? How policy makers, scientists and land managers can better work together will also be explored.

  7. Accomplishing Water Strategy Policies in Hospitals: The Role of Management Information Systems and Managerial Styles

    Directory of Open Access Journals (Sweden)

    David Naranjo-Gil

    2017-02-01

    Full Text Available Hospitals are using more sophisticated and comprehensive management information systems to implement multiple strategic policies towards water cost saving and water quality enhancement. However, they do not always achieve the intended strategic goals. This paper analyzes how managerial styles interact with sophisticated management information systems to achieve different water strategic priorities. How proactive vs. reactive managerial styles moderate the effects of management information systems on water cost saving and water quality enhancement is analyzed. Relationships are explored using data collected from 122 general services directors in Spanish public hospitals. The findings show a positive effect of sophisticated management information systems on the achievement of water policies focused on cost saving and quality enhancement. Results also show a different moderated effect of managerial styles; thus, sophisticated management information systems with a proactive managerial style facilitate managers to achieve better water quality policies rather than water cost saving policies.

  8. METHODOLOGICAL ASPECTS OF DEVELOPMENT AND IMPLEMENTATION OF MANAGEMENT POLICY AT INDUSTRIAL ENTERPRISES

    Directory of Open Access Journals (Sweden)

    Natalia SKOROBOGATOVA

    2017-04-01

    Full Text Available The article examines the essence, main principles and objectives of the management policy at the enterprise. Author investigates in the position of management accounting in the enterprise management and structures the levels of management of the economic entity. A conceptual framework of management accounting has been developed in the paper, which includes the purpose, content, methods and results of the process of management accounting. On the example of the chemical industry, the international and domestic experience in the development and implementation of management policy within the structure of industrial enterprises were analyzed, as well as the positive and negative aspects of accounting practices were highlighted. Based on the analysis of foreign experience and taking into account the specificity of economic development of Ukraine, the author elaborates on the areas for the methodological approaches to the development of management policy of Ukrainian companies to be improved.

  9. Reverse logistics policy – differences between conservative and innovative reverse logistics management

    Directory of Open Access Journals (Sweden)

    Alena Klapalová

    2013-01-01

    Full Text Available One of the of the key barriers that hampers effective and efficient management of reverse flows detected within a number of empirical surveys and case studies focused on reverse logistics and/or return management is business (organisational policy, specifically lack of policy, deficiency in existing policy or inferior policy. Despite this fact, there is a gap in literature which would show some evidence from practice that innovative reverse logistics policy both can pay off and is associated with certain aspects of reverse logistics management. Such proof can have several implications. It can support the call for better understanding and more research of the linkages of reverse logistics with other corporate functions, promote the acceptation of strategic character of reverse logistics and stress the role of RL policy within the rest of overall corporate management.The aim of this paper is to contribute and to enrich the existing body of knowledge concerning the above-mentioned gap through presentation of survey results that was realized in 2012 among managers of 244 Czech firms. The results demonstrate the statistically significant association between the innovativeness of RL policy and profitability of firms, quality of RL planning, perception of RL importance, level of RL knowledge and perception of product innovation importance for firms’ competitiveness and frequency of product innovation. They also reveal statistically significant differences between firms with conservative and innovative RL policy and the perceived existence of some barriers to manage RL.

  10. Sustainable gold mining management waste policy in Romania

    Science.gov (United States)

    Tudor, Elena; Filipciuc, Constantina

    2016-04-01

    -closure monitoring program implementation and financing. Apart from the Mining Law, the Government Decision, which transposes EU Directive on the management of waste from extractive industries, as well as Government Emergency Ordinance, which implements the requirements of EU Directive 2004/35/CE on environmental liability, requests financial guarantees for waste facilities maintenance and for environment restoration in the case of pollution, respectively. In practice, there are problems in the calculation of the financial guarantee and the development of financial security instruments and markets as required by Directive, due to the lack of expertise in financial, economic and liability matters. Mining companies are usually not required to set up a special guarantee for the waste facilities, but only to set up and maintain the financial guarantee regulated under the Mining Law. Romania - because of the structure of its mining sector - has serious environmental legacies, a lack of funds for their restoration and the need to strengthen the administrative capacity in this area, as well as the important tasks on harmonization and/or implementation of the EU mining waste legislation. This work is presented within the framework of SUSMIN project. Key words : sustainable development, waste management, policy

  11. Public policies for managing urban growth and protecting open space: policy instruments and lessons learned in the United States

    Science.gov (United States)

    David N. Bengston; Jennifer O. Fletcher

    2003-01-01

    The public sector in the United States has responded to growing concern about the social and environmental costs of sprawling development patterns by creating a wide range of policy instruments designed to manage urban growth and protect open space. These techniques have been implemented at the local, regional, state and, to a limited extent, national levels. This...

  12. National forest policy as a platform for biosphere carbon management

    NARCIS (Netherlands)

    Minang, Peter A.; Bressers, Johannes T.A.; Skutsch, Margaret; McCall, M.K.

    2007-01-01

    Little attention has been given to the development of national policies relevant for the uptake, development and implementation of Clean Development Mechanism (CDM) projects. In this paper we examine the compatibility between forestry and related policy provisions in Cameroon and the CDM provisions

  13. Managing Interactions Between Carbon Pricing and Existing Energy Policies. Guidance for Policymakers

    Energy Technology Data Exchange (ETDEWEB)

    Hood, Christina

    2013-07-01

    Carbon pricing can be a key policy tool to help countries move their energy sectors onto a cleaner development path. One important issue to consider when introducing carbon pricing is how it will integrate with other energy policies that also reduce greenhouse gas emissions, including policies to support low-carbon technologies (such as renewable energy) and energy efficiency programmes. Poor policy integration can undermine energy security and affordability, and affect the performance of renewable energy policies and energy markets. Climate objectives can also be undermined, through low and uncertain carbon prices and the risk of stop-start policy. Understanding how to manage policy interactions can improve the climate and energy policy package, reducing the trade-offs and advancing the synergies between energy and climate objectives. This will benefit the country in terms of a more effective and lower-cost low-carbon development path, as well as supporting a more energy-secure future.

  14. On capital flows and macroeconomic performance: Evidence before and after the financial crisis in Turkey

    Directory of Open Access Journals (Sweden)

    Magda Kandil

    2015-12-01

    Full Text Available The paper sheds light on the Turkish experience of capital account liberalization and its effect on key macroeconomic variables, using quarterly data in a multivariate VAR model. We also take into consideration the crisis breakpoint in 2001 and estimate the effect of shocks attributed to capital flows, using quarterly data during the sub-periods 1989:01–2001:01 and 2001:02–2009:03. The findings indicate that capital flows have varying effects on the Turkish economy before and after the crisis in 2001 and the evidence supports significant effects of liberalizing financial flows on macroeconomic performance, especially during the post-crisis period (2001:02–2009:03. Moreover, this latter period exhibited evidence of sterilization policy that has helped mopping up excess liquidity and containing inflationary pressures. These factors seem to signal deliberate efforts by the Central Bank of Turkey to stem the risk of appreciation of the real exchange rate and preserve export competitiveness during periods of high financial inflows, a trend that has been reversed recently by the surge in outflows and currency depreciation in many emerging markets in anticipation of imminent normalization of monetary policy in the United States.

  15. An environmental scan of policies in support of chronic disease self-management in Canada.

    Science.gov (United States)

    Liddy, C; Mill, K

    2014-02-01

    The evidence supporting chronic disease self-management warrants further attention. Our aim was to identify existing policies, strategies and frameworks that support self-management initiatives. This descriptive study was conducted as an environmental scan, consisting of an Internet search of government and other publicly available websites, and interviews with jurisdictional representatives identified through the Health Council of Canada and academic networking. We interviewed 16 representatives from all provinces and territories in Canada and found 30 publicly available and relevant provincial and national documents. Most provinces and territories have policies that incorporate aspects of chronic disease self-management. Alberta and British Columbia have the most detailed policies. Both feature primary care prominently and are not disease specific. Both also have provincial level implementation of chronic disease self-management programming. Canada's northern territories all lacked specific policies supporting chronic disease self-management despite a significant burden of disease. Engaging patients in self-management of their chronic diseases is important and effective. Although most provinces and territories have policies that incorporate aspects of chronic disease self-management, they were often embedded within other initiatives and/or policy documents framed around specific diseases or populations. This approach could limit the potential reach and effect of self-management.

  16. Policy tree optimization for adaptive management of water resources systems

    Science.gov (United States)

    Herman, Jonathan; Giuliani, Matteo

    2017-04-01

    Water resources systems must cope with irreducible uncertainty in supply and demand, requiring policy alternatives capable of adapting to a range of possible future scenarios. Recent studies have developed adaptive policies based on "signposts" or "tipping points" that suggest the need of updating the policy. However, there remains a need for a general method to optimize the choice of the signposts to be used and their threshold values. This work contributes a general framework and computational algorithm to design adaptive policies as a tree structure (i.e., a hierarchical set of logical rules) using a simulation-optimization approach based on genetic programming. Given a set of feature variables (e.g., reservoir level, inflow observations, inflow forecasts), the resulting policy defines both the optimal reservoir operations and the conditions under which such operations should be triggered. We demonstrate the approach using Folsom Reservoir (California) as a case study, in which operating policies must balance the risk of both floods and droughts. Numerical results show that the tree-based policies outperform the ones designed via Dynamic Programming. In addition, they display good adaptive capacity to the changing climate, successfully adapting the reservoir operations across a large set of uncertain climate scenarios.

  17. 41 CFR 102-74.155 - What energy conservation policy must Federal agencies follow in the management of facilities?

    Science.gov (United States)

    2010-07-01

    ... policy must Federal agencies follow in the management of facilities? 102-74.155 Section 102-74.155 Public... MANAGEMENT REGULATION REAL PROPERTY 74-FACILITY MANAGEMENT Facility Management Energy Conservation § 102-74.155 What energy conservation policy must Federal agencies follow in the management of facilities...

  18. 78 FR 70354 - Conceptual Example of a Proposed Risk Management Regulatory Framework Policy Statement

    Science.gov (United States)

    2013-11-25

    ... NUCLEAR REGULATORY COMMISSION [NRC-2013-0254] Conceptual Example of a Proposed Risk Management... ``openness,'' a white paper on a Conceptual Example of a Proposed Risk Management Regulatory Framework (RMRF... formally adopt the proposed Risk Management Regulatory Framework through a Commission Policy Statement...

  19. How to manage barriers to formation and implementation of policy packages in transport

    DEFF Research Database (Denmark)

    Åkerman, Jonas; Gudmundsson, Henrik; Sørensen, Claus Hedegaard

    2011-01-01

    for policy formation and implementation. Secondly, we carried out an empirical analysis of barriers and success factors in four cases of policy packaging: Urban Congestion Charging; National Heavy Vehicle Fees; Aviation in the European Emissions Trading System and The EU’s First Railway Package. The third......The aim of this study has been to explore success factors and barriers to the formation and implementation of single policy measures and policy packages in transport, and to identify strategies to manage such barriers. As a first step, we developed a typology of barriers and success factors...... and final task was to identify more general strategies to manage barriers in policy formation and implementation. A main conclusion in this report is that a conscious application of these strategies may contribute significantly to successful formation and implementation of even controversial policies...

  20. A Policy Analysis of Strategies to Manage Medical Holdovers

    National Research Council Canada - National Science Library

    Jones, Tammie M

    2005-01-01

    This study is a policy analysis of the Community Based Health Care Initiative (CBHCI) implemented to address the problems for Soldiers mobilized and deployed in support of Operations Noble Eagle, Enduring Freedom, and Iraqi Freedom...

  1. The intermediate performance of territories of priority socio-economic development in Russia in conditions of macroeconomic instability

    Directory of Open Access Journals (Sweden)

    Beliakov Sergey

    2017-01-01

    Full Text Available The Russian economy in recent years has faced the influence of a number of negative factors due to macroeconomic instability and increased foreign policy tensions. In these conditions the considerable constraints faced processes of socio-economic development of regions of the Russian Federation. In this article the authors attempt to analyze the key indicators of socio-economic development of the regions in which it was created and operate in the territories of priority socio-economic development. These territories are concentrated in the Far Eastern Federal District. The article identified, processed, and interpreted indicators, allowing to produce a conclusion on the interim effectiveness of the territories of priority socio-economic development in Russia in conditions of macroeconomic instability.

  2. Norwegian gas export policy - management of external change

    International Nuclear Information System (INIS)

    Claes, Dag Harald.

    1997-01-01

    This report is the first study in the research project '' Norwegian gas policy - external change and national adaptation''. The project is financed through Norges forskningsraad's research program ''Petropol''. The main aim of the project is to understand the market, political and institutional changes in the European gas market as well as what implications they may have for the political and institutional design of the Norwegian gas sector. In this report an approach model is developed for studying the connection between changes in the European gas market and the Norwegian petroleum policy which will be central in several of the later works in the project. The report gives a historic account of Norwegian gas export policy as well, a field where altered frame conditions have given the authorities political and institutional challenges. The main focus in the report is however, connected to the empirical explanation of the connection between changed external environments and alterations in the Norwegian gas export policy. The question the study tries to answer is: To what extent and how the Norwegian gas export policy is affected by alterations in the European gas market and the EU policy towards this market. In the centre of the study of the gas export policy is the element of governmental control. The governmental control assumes ability to formulate national aims as well as the ability to produce laws and regulations which reflects the goals and counts on that the aims are reached in addition to that the authorities either implement the policies themselves or if this is left to other parties, have ability to survey and sanction these parties should they break the guidelines or oppose the national political aims. The report shows how these aspects are affected by changes in the environments surrounding the Norwegian gas export. 6 figs., 1 tab., 45 refs

  3. Macroeconomic Environment and Banking Sector Soundness in CEE Countries

    Directory of Open Access Journals (Sweden)

    Irina Bilan

    2016-01-01

    Full Text Available The aim of our paper is to empirically investigate the impact of the changes in macroeconomic environment on the financial soundness of the banking sector (as measured by bank Z-score in 11 Central and Eastern European countries, over the period 2000-2014. The results of our empirical study indicate that the financial soundness of the banking sector in our sample countries is heavily influenced by unemployment and inflation rates, foreign exchange rate, current account balance, public debt, and financial depth. Overall, our study underlines the crucial importance of ensuring a healthy and sound macroeconomic environment for the financial soundness of banks. Also, our research highlights that, out of all the macroeconomic factors analyzed, the dynamics of bank credit to the private sector is the main risk factor for the soundness of the banking sector in CEE countries, which calls for its rigorous monitoring.

  4. Impact of inflation on the macroeconomic indicators in transition economies

    Directory of Open Access Journals (Sweden)

    Ranković Marko

    2012-06-01

    Full Text Available This paper is dealing with treats of inflation in times of world financial turmoil. It examines how inflation is impacting macroeconomic factors. Is there relationship and how strong it is between inflation and economic growth, unemployment rate and other selected economic indicators? Motivated by these questions, this paper examines the relationship between inflation and selected macroeconomic indicators: real GDP annual growth rate, privatization revenues, as part of the GDP, level of investments, unemployment rate and share of assets of foreign banks in domestic bank system by using data for 13 transition economies over the period 1993-2008. The evidence strongly supports the view that the relationship between inflation and selected macroeconomic indicators is significantly and strongly negative, observed for the region. However, for small number countries in transition there is no direct significant relationship between inflation, but indirect relationship has been showed.

  5. The Success of a Policy Model: Irrigation Management Transfer in Mexico

    NARCIS (Netherlands)

    Rap, E.R.

    2006-01-01

    The Mexican policy of Irrigation Management Transfer has been widely propagated as a success and has become a model for other countries seeking to improve the performance of their irrigation systems while also cutting public expenditures. This article analyses the process of policy-making that has

  6. A REGIONAL MODELING STRUCTURE FOR ASSESSING MANURE MANAGEMENT POLICIES: APPLICATION TO THE CHESAPEAKE BAY WATERSHED

    OpenAIRE

    Aillery, Marcel P.; Gollehon, Noel R.; Ribaudo, Marc; Breneman, Vincent E.

    2001-01-01

    A modeling framework addresses manure management policies within the Chesapeake Bay watershed. Policy focus is on manure-land application at agronomic rates, as proposed under the EPA/USDA Unified Strategy. Manure-nutrient flows are assessed subject to assimilative capacity of farmland. National data bases and GIS coverages facilitate model transferability to other watersheds.

  7. The Dutch risk management policy and its impact for radiation protection

    International Nuclear Information System (INIS)

    Brinkman, Rob; Bosnjakovic, Branko; Jongh, Paul de

    1989-01-01

    Since 1985 the environmental policy in the Netherlands is based on a quantitative risk management policy. This policy was developed for reasons of external safety and for the management of chemical substances in the environment. The experiences with this quantitative risk management policy are positive. An extension of the risk policy is currently in preparation: the risks of other aspects than the death of human beings will be included. For example, the risk of damage to the environmental production function of soils and water will be taken into account. Meanwhile, a policy whitebook on radiation protection standards is in preparation. In this whitebook the occupational and environmental aspects of radiation protection will be dealt with. The whitebook will be sent to Parliament in 1989. in the radiation protection policy to be developed there will be a strong relation between the quantitative risk management of the environmental policy and the system of radiation protection standards to be developed. In the paper some basic presumptions as well as the international context of changes in standard setting will be discussed. (author)

  8. Oak policy and management in California: Spanish origins and future considerations

    Science.gov (United States)

    James W. Bartolome; Lynn. Huntsinger

    2015-01-01

    The development of goals and policies for Californian oak woodlands is reviewed; then some important considerations for future policy development are highlighted. California and Spain share long and illuminating histories of human interaction with oak woodlands. The Integrated Hardwood Range Management Program, initiated about 1985, was a focal point for Californian...

  9. 33 CFR 157.415 - Bridge resource management policy and procedures.

    Science.gov (United States)

    2010-07-01

    ... HOMELAND SECURITY (CONTINUED) POLLUTION RULES FOR THE PROTECTION OF THE MARINE ENVIRONMENT RELATING TO TANK... Petroleum Oils § 157.415 Bridge resource management policy and procedures. (a) Not later than February 1...

  10. Department of Defense Financial Management Regulation. Volume 11A. Reimbursable Operations Policy and Procedures

    National Research Council Canada - National Science Library

    1997-01-01

    .... In addition, it directs statutory and regulatory financial reporting requirements. Volume 11 A of the "DoD Financial Management Regulation" establishes policy and procedures for Department of Defense...

  11. The Poisoned Chalice: Oil and Macroeconomics in Brazil (1967-2003)

    Science.gov (United States)

    Biasetto, Bruno Henz

    This dissertation analyzes the development of the Brazilian oil industry and its impact on the economic development of Brazil from the beginning of the "Brazilian Miracle" (1968-1973) to the end of the Fernando Henrique Cardoso's second term as president (1995-2002). The dissertation explores the closely intertwined nature of Brazil's oil industry and its macroeconomic development, shedding new light on the history of Petrobras (the Brazilian state oil company), and on other key topics of Brazilian economic history, including the Debt Crisis of the 1980s and the role of neoliberalism in Brazil. The argument is that oil policy shaped the national economy and the Brazilian state in this period. Attention to the oil industry, and to Petrobras in particular, was crucial to the establishment of diplomatic and economic policy, and to conflict within the Brazilian state. Finally, this dissertation seeks to illuminate Brazil's place in the global oil industry and how that has shaped Brazil's global economic standing.

  12. Sustainability transitions in the perspective of ecological macroeconomics

    DEFF Research Database (Denmark)

    Røpke, Inge

    2013-01-01

    systems and macroeconomic systems. First, the theoretical concept of sustainability and the different system perspectives are outlined, and then the perspectives are brought together in the discussion of a specific topic that is key to sustainable transition: the need for considerable resources to invest...... macroeconomics that addresses multiple crises by including insights from different, partly overlapping research communities. The main idea is to explore the usefulness of combining three different system perspectives in the study of sustainability transitions: socio-technical provision systems, distributional...

  13. The History of Macroeconomics Viewed Against the Background of the Marshall-Walras Divide

    OpenAIRE

    De Vroey, Michel

    2004-01-01

    Analysing the recent history of macroeconomics, my paper claims that the new classical revolution should be viewed as a substitution of Walrasian macroeconomics to the earlier prevailing Marshalian macroeconomics. The first part of the paper is concerned with two conceptual prerequisites, the relationship between macroeconomics and general equilibrium, the meaning of the “Keynesianism” modifier. In a second part, the different facets of the Marshall-Walras divide are expounded. My general cla...

  14. Global asessment of manure management policies and practices

    NARCIS (Netherlands)

    Teenstra, E.D.; Vellinga, Th.V.; Aktasaeng, N.; Amatayaku, W.; Ndambi, A.; Pelster, D.; Germer, L.; Jenet, A.; Opio, C.; Andeweg, K.

    2014-01-01

    The Livestock and Manure Management Component (LMMC) of the CCAC Agriculture Initiative supports integrated manure management practices by increasing knowledge and awareness, removing barriers to action and enhancing practice change. This Global Assessment report provides an overview of manure

  15. How do carpools fit into managed lane policies?

    Science.gov (United States)

    2009-01-01

    Texas Department of Transportation (TxDOT) Research Management Committee project 0-5286, Role of Preferential Treatment of Carpools in Managed Lane Facilities, identified the benefits, drawbacks and tradeoffs of giving carpools preferential treatment...

  16. YouTube Enhanced Case Teaching in Health Management and Policy

    Directory of Open Access Journals (Sweden)

    Jeremy C. Green

    2018-03-01

    Discussion: YouTube videos can be a valuable source of content to supplement existing case teaching materials in health management and policy. More research is needed to distinguish the effects of YouTube videos from other case teaching materials and flipped format aspects of course design. The general method of YouTube enhanced case teaching might be expanded beyond health management and policy to other topics in health professions education.

  17. When global environmentalism meets local livelihoods: policy and management lessons

    Science.gov (United States)

    John Schelhas; Max J. Pfeffer

    2009-01-01

    Creation of national parks often imposes immediate livelihood costs on local people, and tensions between park managers and local people are common. Park managers have tried different approaches to managing relationships with local people, but nearly all include efforts to promote environmental values and behaviors. These efforts have had uneven results, and there is a...

  18. Redistribution, recognition, power: Austerity or an alternative Kaleckian feminist macroeconomic model in the EU?

    Directory of Open Access Journals (Sweden)

    Gabriella Paulì

    2014-07-01

    Full Text Available The aim of this paper is twofold. The first is to highlight the regressive impacts on gender equality in Europe of the EU’s macroeconomic model and governance, despite the claims in official EU do­cuments that the intention is to close the gender gap, with reference to research into gender and gender-blind austerity policies and feminist commentary on the social content of macroeconomic policies. The second aim is to assess these processes from both a political-philosophical and an economic perspective. From a political-philosophical perspective this paper aims to update Nancy Fraser’s focus on “redistribu­tion/recognition”, in order to show how the austerity paradigm – by increasing economic disadvantages for women – prevents women’s equal participation in the public sphere and fosters political practices of “institu­tio­na­lized misrecognition”. The review of Fraser’s analytical perspective serves to highlight the com­­plici­ty between economic injustice and maldistribution (exploitation, female economic marginaliza­tion, insecurity, female unemployment and cultural injustice and misrecognition, and to focus attention on the fundamental need for gender-aware distributional policies. In a Feminist-Post-Keynesian/Kaleckian eco­no­­mic paradigm, new research emphasizes the economic relevance of gender-aware redistribution, star­ting from a range of hypotheses. At the same time, in this theoretical perspective, the inherently confron­tational nature of gender-aware distribution policies is shown. The interdisciplinary approach propo­sed in this paper provides an analytical framework for debating women’s political claims in Europe

  19. Evaluation of Four Water Management Policies for Ogallala Aquifer Sustainability in the Texas High Plains

    Science.gov (United States)

    Hernandez, J. E.; Gowda, P. H.; Howell, T. A.; Marek, T. H.; Ha, W.; Almas, L. K.

    2010-12-01

    Diminishing groundwater supply in the Ogallala Aquifer will severely reduce regional crop and animal production in the absence of a sustainable water management policy. It is essential to mitigate adverse impacts on the regional economy due to future withdrawals of the limited groundwater resource. Currently, approximately ten alternative water management policies are being debated by policy makers in the Central and Southern High Plains of the Ogallala Aquifer region. Before implementing any new policy or modifying current policies, newer alternative policies should be evaluated for their impact on groundwater levels with eventual extension to regional economic impacts. The main objective of this study was to evaluate four water management policies, from the debated ones, on future groundwater levels in the Ogallala Aquifer beneath four heavily irrigated counties (Dallam, Sherman, Hartley, and Moore) located in the northwest corner of the Texas High Plains using a calibrated ModFlow model. The four water management policies were (1) voluntary permanent conversion to dry land production up to 10% of the total irrigated area, (2) adoption of advances in biotechnology that allow water use reductions at a rate of 1% per year up to 10% of current use, (3) mandatory water use reduction to decrease the total water pumped by 10% (volume per unit land area per year), and (4) voluntary temporary conversion to dry land production during 15 years for a maximum area of 10% of the total irrigated area. The water management policies were converted into water demand rates for ModFlow model inputs. Simulations were conducted for a 50-year (2010-2060) period. Preliminary results indicate that a combination of more than one policy will be required to produce a significant reduction in the current groundwater depletion rates.

  20. Study of China green supply chain management policies and standard

    Science.gov (United States)

    Zhang, Xiaoxin; Huang, Jin; Lin, Ling

    2017-11-01

    With the highlight of the environment issues, manufacturing industry needs to be environmentally managed with integrated methods in system aspect. Green supply chain management, integrating the environment aspect into each step of the implement of supply chain management, is the key measure to improve the efficiency of environmental management and to remit the pollution. It also helps to make best use and configuration of the resources and has been attracting much attention from our government, enterprises and academia in recent years. This paper introduced the definition and content of green supply chain management, concluded the research progress of green supply chain management by domestic scholars, stated the characteristic and achievement of the implement of green supply chain management in China as well as analyzed the current existing problems and suggestions in the future.

  1. Credibility of Policy Announcements Under Asymmetric Information

    DEFF Research Database (Denmark)

    Christensen, Michael

    1999-01-01

    In a simple macro-economic model, where the monetary authorities process superior information about a real shocks, the scope for an active stabilization policy is shown to depend on the credibility of the policy maker. Lack of credibility increases the need for an active stabilization policy...

  2. Does Integrated Water Resources Management Support Institutional Change? The Case of Water Policy Reform in Israel

    Directory of Open Access Journals (Sweden)

    Itay Fischhendler

    2010-03-01

    Full Text Available Many international efforts have been made to encourage integrated water resources management through recommendations from both the academic and the aid and development sectors. Recently, it has been argued that integrated water resources management can help foster better adaptation of management and policy responses to emerging water crises. Nevertheless, few empirical studies have assessed how this type of management works in practice and what an integrated water management system implies for institutional adaptation and change. Our assessment of the Israeli water sector provides one view of how they can be shaped by an integrated structure in the water sector. Our analysis of recent efforts to adapt Israel's water management system to new conditions and uncertainties reveals that the interconnectedness of the system and the consensus decision-making process, led by a dominant actor who coordinates and sets the policy agenda, tends to increase the complexity of negotiations. In addition, the physical integration of water management leads to sunk costs of large-scale physical infrastructure. Both these factors create a path dependency that empowers players who receive benefits from maintaining the existing system. This impedes institutional reform of the water management system and suggests that integrated water resources management creates policy and management continuity that may only be amenable to incremental changes. In contrast, real adaptation that requires reversibility and the ability to change management strategies in response to new information or monitoring of specific management outcomes.

  3. Evaluation and development of a policy for waste generation control - electric and electronic waste management

    Energy Technology Data Exchange (ETDEWEB)

    Kim, Kwang Im [Korea Environment Institute, Seoul (Korea)

    1998-12-01

    Although a policy to reduce waste amount and promote recycling for large electric appliances was introduced, it is still in the initial stage operated in a form of recommendation and the general management system of electric and electronic waste has not established yet. In this study, the generation and disposal of electric and electronic waste were examined and the effectiveness of present policy was evaluated. Based on the analysis, a policy for the more appropriate electric and electronic waste management was presented. 34 refs., 4 figs., 51 tabs.

  4. Strategic effects of future environmental policy commitments: climate change, solar radiation management and correlated air pollutants.

    Science.gov (United States)

    Qu, Jingwen; Silva, Emilson Caputo Delfino

    2015-03-15

    We study the effects of environmental policy commitments in a futuristic world in which solar radiation management (SRM) can be utilized to reduce climate change damages. Carbon and sulfur dioxide emissions (correlated pollutants) can be reduced through tradable permits. We show that if nations simultaneously commit to carbon permit policies, national SRM levels rise with carbon quotas. Alternatively, if they simultaneously commit to SRM policies, the global temperature falls with each unit increase in the global SRM level. A nation always wishes to be a leader in policymaking, but prefers carbon to SRM policymaking. The globe prefers SRM policy commitments. Copyright © 2014 Elsevier Ltd. All rights reserved.

  5. Macroeconomic impacts of energy efficiency measures in the housing, business and transport sectors; Gesamtwirtschaftliche Wirkungen von Energieeffizienzmassnahmen in den Bereichen Gebaeude, Unternehmen und Verkehr

    Energy Technology Data Exchange (ETDEWEB)

    Schade, Wolfgang; Luellmann, Arne; Beckmann, Ruth; Koehler, Jonathan [Fraunhofer-Institut System- und Innovationsforschung (ISI), Karlsruhe (Germany)

    2009-10-15

    In August 2007 the German government agreed on the Integrated Energy and Climate Package (IECP) at Meseberg. This IECP-Macro study analyses the macroeconomic impacts of the IECP in Germany. The focus of analysis in IECP-Macro was on macroeconomic indicators, in particular on gross domestic product (GDP), consumption, investment and employment. This study links a bottom-up analysis of single policy measures with a macroeconomic analysis. The bottom-up impacts are fed into the ASTRA model, in which they trigger the macroeconomic impacts, e.g. a change of final demand in terms of investment or consumption. In total five scenarios have been analysed and have been compared with a reference scenario of the ASTRA model that has been aligned with the business-as-usual scenario of the project ''Politics Scenarios IV''. The basic conclusion of the analysis is that the economic stimulus of increased investment in climate policy stimulates economic growth in the short- and medium-term. Energy savings have the greatest effect to safeguard or even increase employment in the long run. (orig.)

  6. Benchmarking as a strategy policy tool for energy management

    NARCIS (Netherlands)

    Rienstra, S.A.; Nijkamp, P.

    2002-01-01

    In this paper we analyse to what extent benchmarking is a valuable tool in strategic energy policy analysis. First, the theory on benchmarking is concisely presented, e.g., by discussing the benchmark wheel and the benchmark path. Next, some results of surveys among business firms are presented. To

  7. Including policy and management in socio-hydrology models: initial conceptualizations

    Science.gov (United States)

    Hermans, Leon; Korbee, Dorien

    2017-04-01

    Socio-hydrology studies the interactions in coupled human-water systems. So far, the use of dynamic models that capture the direct feedback between societal and hydrological systems has been dominant. What has not yet been included with any particular emphasis, is the policy or management layer, which is a central element in for instance integrated water resources management (IWRM) or adaptive delta management (ADM). Studying the direct interactions between human-water systems generates knowledges that eventually helps influence these interactions in ways that may ensure better outcomes - for society and for the health and sustainability of water systems. This influence sometimes occurs through spontaneous emergence, uncoordinated by societal agents - private sector, citizens, consumers, water users. However, the term 'management' in IWRM and ADM also implies an additional coordinated attempt through various public actors. This contribution is a call to include the policy and management dimension more prominently into the research focus of the socio-hydrology field, and offers first conceptual variables that should be considered in attempts to include this policy or management layer in socio-hydrology models. This is done by drawing on existing frameworks to study policy processes throughout both planning and implementation phases. These include frameworks such as the advocacy coalition framework, collective learning and policy arrangements, which all emphasis longer-term dynamics and feedbacks between actor coalitions in strategic planning and implementation processes. A case about longter-term dynamics in the management of the Haringvliet in the Netherlands is used to illustrate the paper.

  8. 41 CFR 102-80.10 - What are the basic safety and environmental management policies for real property?

    Science.gov (United States)

    2010-07-01

    ... safety and environmental management policies for real property? 102-80.10 Section 102-80.10 Public... MANAGEMENT REGULATION REAL PROPERTY 80-SAFETY AND ENVIRONMENTAL MANAGEMENT General Provisions § 102-80.10 What are the basic safety and environmental management policies for real property? The basic safety and...

  9. An analysis of household waste management policy using system dynamics modelling.

    Science.gov (United States)

    Inghels, Dirk; Dullaert, Wout

    2011-04-01

    This paper analyses the Flemish household waste management policy. Based on historical data from the period 1991-2006, literature reviews and interviews, both mathematical and descriptive relationships are derived that describe Flemish waste collection, reuse, recycling and disposal behaviour. This provides insights into how gross domestic product (GDP), population and selective collection behaviour have influenced household waste production and collection over time. These relationships are used to model the dynamic relationships underlying household waste management in Flanders by using a system dynamics (SD) modelling approach. Where most SD models in literature are conceptual and descriptive, in the present study a real-life case with both correlational and descriptive relationships was modelled for Flanders, a European region with an outstanding waste management track record. This model was used to evaluate the current Flemish household waste management policy based on the principles of the waste hierarchy, also referred as the Lansink ranking. The results show that Flemish household waste targets up to 2015 can be achieved by the current waste policy measures. It also shows the sensitivity of some key policy parameters such as prevention and reuse. Given the general nature of the model and its limited data requirements, the authors believe that the approach implemented in this model can also assist waste policy makers in other regions or countries to meet their policy targets by simulating the effect of their current and potential household waste policy measures.

  10. Security Engine Management of Router based on Security Policy

    OpenAIRE

    Su Hyung Jo; Ki Young Kim; Sang Ho Lee

    2007-01-01

    Security management has changed from the management of security equipments and useful interface to manager. It analyzes the whole security conditions of network and preserves the network services from attacks. Secure router technology has security functions, such as intrusion detection, IPsec(IP Security) and access control, are applied to legacy router for secure networking. It controls an unauthorized router access and detects an illegal network intrusion. This paper re...

  11. Evaluating the Impact of Macroeconomic Factors on the Level of Dollarization in Ukraine

    Directory of Open Access Journals (Sweden)

    Krasnova Iryna V.

    2017-07-01

    Full Text Available The objectives of the article are identifying causal relationships between the macroeconomic determinants and the level of dollarization in Ukraine, as well as determining the activities for de-dollarization. The prerequisites, causes and consequences of dollarization have been covered. On the external grounds, dollarization is recognized as a manifestation of financial integration, on internal grounds, as a consequence of financial instability. The main types and forms of dollarization have been allocated. Forms of financial dollarization have been considered as: deposit, credit and monetary. The determinants that potentially impact the dollarization level have been allocated. According to the results of a correlation analysis, the thesis of direct strong connection between dollarization and currency deposits, i.e. the dominance of deposit dollarization, has been confirmed. In order to determine the causal nature of the interdependencies between variables and the level of dollarization, a Granger causality test was carried out, which confirmed the hypothesis of the significant influence of psychological attitudes and the distrust of economic agents towards the policies of government and monetary authorities. A set of macroeconomic, market and incentive de-dollarization activities have been proposed.

  12. The Effects of Domestic Macroeconomic Determinants on Stock Returns: A Sector Level Analysis

    Directory of Open Access Journals (Sweden)

    Şerife Özlen

    2014-08-01

    Full Text Available Investment analysis should be carefully performed in stock markets. Therefore, firms take necessary actions according to stock market behavior and macroeconomic variables. Therefore, the predictability of stock market determinants becomes important. This study aims to identify the effects of selected macroeconomic factors (interest rate, exchange rates, inflation-consumer price index, current account deficit, unemployment rates and sector indices on stock returns of selected 48 companies in 11 different sectors of Istanbul Stock Exchange including electric, food, communication, paper, chemistry, metal-main, metal-product, stone, textile, commerce and transportation sectors. The study employs ARDL approach on the period between the second month of 2005 and the second month of 2012 including 85 monthly observations. According to the results, Sector Indices are found to be quite influential through the selected sectors. Exchanges rate is also significantly influential on almost all the sectors except Communication and Textile sectors. The impacts of Interest Rate, Inflation Rate, Current Account Deficit, and Unemployment Rate are various through the selected sectors. Moreover, the influence of Istanbul Stock Exchange Market on the stock returns of considered companies is significantly clear through the sectors except six companies (two companies from Paper sector, one company from Metal-Main sector, two companies from Stone sector and one company from Textile sector out of 48 companies. Since it includes a wide range of companies and sectors, this study is expected to be useful for all policy makers and investment decisions.

  13. The macroeconomic effects of oil shocks under fixed and flexible exchange rates - a comparison

    International Nuclear Information System (INIS)

    Harvie, C.

    1993-01-01

    The objective of this paper is to explore further, from a primarily theoretical perspective, the macroeconomic implications arising for an oil-producing economy operating with either a fixed or flexible exchange rate system - to explore, in particular, which of these two extreme systems best offers insulatory properties, in the sense of reducing the volatility of adjustment of key macroeconomic variables arising primarily from oil-related shocks. The issue is explored by analyzing a theoretical framework, which emphasizes the long-run nature of the adjustment process. Such an emphasis is particularly pertinent in models which assume that economic agents possess rational expectations, where long-run equilibrium will have a major bearing upon the short-run adjustment process itself. However, due to the complexity of the model developed here, it is not possible to derive analytical unambiguous results, hence emphasis is placed upon deriving results through numerical simulation. The results derived enable an identification to be made of the importance, for policy purposes, of implementing an appropriate exchange rate system for oil producing and exporting economics with the characteristics emphasised in this paper. (3 figures). (Author)

  14. Analysis of Budget Deficits and Macroeconomic Fundamentals: A VAR-VECM Approach

    Directory of Open Access Journals (Sweden)

    Manamba Epaphra

    2017-10-01

    Full Text Available Aim/purpose - This paper examines the relationship between budget deficits and selected macroeconomic variables in Tanzania for the period spanning from 1966 to 2015. Design/methodology/approach - The paper uses Vector autoregression (VAR - Vector Error Correction Model (VECM and variance decomposition techniques. The Johansen's test is applied to examine the long run relationship among the variables under study. Findings - The Johansen's test of cointegration indicates that the variables are cointegrated and thus have a long run relationship. The results based on the VAR-VECM estimation show that real GDP and exchange rate have a negative and significant relationship with budget deficit whereas inflation, money supply and lending interest rate have a positive one. Variance decomposition results show that variances in the budget deficits are mostly explained by the real GDP, followed by inflation and real exchange rate. Research implications/limitations - Results are very indicative, but highlight the importance of containing inflation and money supply to check their effects on budget deficits over the short run and long-run periods. Also, policy recommendation calls for fiscal authorities in Tanzania to adopt efficient and effective methods of tax collection and public sector spending. Originality/value/contribution - Tanzania has been experiencing budget deficit since the 1970s and that this budget deficit has been blamed for high indebtedness, inflation and poor investment and growth. The paper contributes to the empirical debate on the causal relationship between budget deficits and macroeconomic variables by employing VAR-VECM and variance decomposition approaches.

  15. Sustaining critical care: using evidence-based simulation to evaluate ICU management policies.

    Science.gov (United States)

    Mahmoudian-Dehkordi, Amin; Sadat, Somayeh

    2017-12-01

    Intensive Care Units (ICU) are costly yet critical hospital departments that should be available to care for patients needing highly specialized critical care. Shortage of ICU beds in many regions of the world and the constant fire-fighting to make these beds available through various ICU management policies motivated this study. The paper discusses the application of a generic system dynamics model of emergency patient flow in a typical hospital, populated with empirical evidence found in the medical and hospital administration literature, to explore the dynamics of intended and unintended consequences of such ICU management policies under a natural disaster crisis scenario. ICU management policies that can be implemented by a single hospital on short notice, namely premature transfer from ICU, boarding in ward, and general ward admission control, along with their possible combinations, are modeled and their impact on managerial and health outcome measures are investigated. The main insight out of the study is that the general ward admission control policy outperforms the rest of ICU management policies under such crisis scenarios with regards to reducing total mortality, which is counter intuitive for hospital administrators as this policy is not very effective at alleviating the symptoms of the problem, namely high ED and ICU occupancy rates that are closely monitored by hospital management particularly in times of crisis. A multivariate sensitivity analysis on parameters with diverse range of values in the literature found the superiority of the general ward admission control to hold true in every scenario.

  16. Management challenges at the intersection of public policy environments and strategic decision making in public hospitals.

    Science.gov (United States)

    Longest, Beaufort B

    2012-01-01

    Hospitals in the United States are heavily impacted by public policies that affect them. For example, Medicare and Medicaid programs account for more than half the revenue in most of the nation's almost 5,000 community hospitals, including the almost 1,100 public hospitals controlled by state and local governments (American Hospital Association, 2012). The public hospitals are especially closely aligned with and controlled by governmental entities compared with hospitals with other kinds of sponsorship. This article addresses the management challenges at the intersection of the strategic management of public hospitals and their public policy environments. Public hospitals are complicated entities designed not only to provide health services but also in many cases to play key roles in health-related research and education and to play important general economic development roles in their communities. The multi-faceted strategic decision making in these organizations is as heavily affected by their public policy environments as by their business, demographic, technological or other external environments. Effectively managing the intersection of their public policy environments and their strategic management is indeed vital for contemporary public hospitals. This article is intended to clarify certain aspects of this intersection through a description and model of the strategic activity in public hospitals and the connection between this activity and their external environments. Specific attention is focused on the concept of public policy environments and their features. Attention is also given to how managers can assess public policy environments and incorporate the results into strategic activities.

  17. Financial Structure and Macroeconomic Volatility : Theory and Evidence

    NARCIS (Netherlands)

    Huizinga, H.P.; Zhu, D.

    2006-01-01

    This paper presents a simple model capturing differences between debt and equity finance to examine how financial structure matters for macroeconomic volatility. Debt finance is relatively cheap in the sense that debt holders need to verify relatively few profitability states, but debt finance may

  18. The Use of Narrative Interview in Teaching Principles of Macroeconomics

    Science.gov (United States)

    Dalton, Peggy

    2010-01-01

    The author describes the design and implementation of one experiential learning assignment used in a principles of macroeconomics course. The learning exercise provides an active role for students and results in a relational experience that provides traditional undergraduate students with a frame of reference with which to interpret the impact of…

  19. Teaching with Data in the Principles of Macroeconomics Course

    Science.gov (United States)

    Zhuang, Hong

    2012-01-01

    Economic data play an important role in the study of macroeconomics. Teaching with data through interactive classes can engage students more fully in the learning process. Although the pedagogy of teaching with data has been widely applied in the undergraduate science classroom, its extension to the economics classroom is rarely discussed. This…

  20. Tests of the Arbitrage Pricing Theory using Macroeconomic ...

    African Journals Online (AJOL)

    The paper examines Arbitrage Pricing Theory (APT), using four macroeconomic variables; namely, exchange rate, an index of industrial production, nominal money supply and price of oil within the context of the Nigerian stock market. Two methods were used in the analysis along with descriptive statistics. First, factor ...

  1. Entropy, pricing and macroeconomics of pumped-storage systems

    Science.gov (United States)

    Karakatsanis, Georgios; Mamassis, Nikos; Koutsoyiannis, Demetris; Efstratiadis, Andreas

    2014-05-01

    We propose a pricing scheme for the enhancement of macroeconomic performance of pumped-storage systems, based on the statistical properties of both geophysical and economic variables. The main argument consists in the need of a context of economic values concerning the hub energy resource; defined as the resource that comprises the reference energy currency for all involved renewable energy sources (RES) and discounts all related uncertainty. In the case of pumped-storage systems the hub resource is the reservoir's water, as a benchmark for all connected intermittent RES. The uncertainty of all involved natural and economic processes is statistically quantifiable by entropy. It is the relation between the entropies of all involved RES that shapes the macroeconomic state of the integrated pumped-storage system. Consequently, there must be consideration on the entropy of wind, solar and precipitation patterns, as well as on the entropy of economic processes -such as demand preferences on either current energy use or storage for future availability. For pumped-storage macroeconomics, a price on the reservoir's capacity scarcity should also be imposed in order to shape a pricing field with upper and lower limits for the long-term stability of the pricing range and positive net energy benefits, which is the primary issue of the generalized deployment of pumped-storage technology. Keywords: Entropy, uncertainty, pricing, hub energy resource, RES, energy storage, capacity scarcity, macroeconomics

  2. Extending the Principles of Intensive Writing to Large Macroeconomics Classes

    Science.gov (United States)

    Docherty, Peter; Tse, Harry; Forman, Ross; McKenzie, Jo

    2010-01-01

    The authors report on the design and implementation of a pilot program to extend the principles of intensive writing outlined by W. Lee Hansen (1998), Murray S. Simpson and Shireen E. Carroll (1999) and David Carless (2006) to large macroeconomics classes. The key aspect of this program was its collaborative nature, with staff from two specialist…

  3. Influence of macroeconomic factors on residential property returns in ...

    African Journals Online (AJOL)

    An attempt was made in this study to bridge the existing gap in the knowledge of the influence exerted by macro-economic factors on residential property returns in Abuja. The backward and forward relationship between property market and the economy has influenced a rise and fall in future of property returns in Abuja ...

  4. Exploring the Association between Macroeconomic Indicators and Dialysis Mortality

    NARCIS (Netherlands)

    Kramer, Anneke; Stel, Vianda S.; Caskey, Fergus J.; Stengel, Benedicte; Elliott, Robert F.; Covic, Adrian; Geue, Claudia; Cusumano, Ana; Macleod, Alison M.; Jager, Kitty J.

    2012-01-01

    Background and objectives Mortality on dialysis varies greatly worldwide, with patient-level factors explaining only a small part of this variation. The aim of this study was to examine the association of national-level macroeconomic indicators with the mortality of incident dialysis populations and

  5. Does retirement flexibility provide a hedge against macroeconomics risks?

    NARCIS (Netherlands)

    Adema, Y.; Bonenkamp, J.; Meijdam, Lex

    Retirement flexibility is often seen as a hedge against macroeconomic risks such as capital market risks, which justifies more risky asset portfolios. This paper analyses the robustness of this claim in both a partial equilibrium and general equilibrium setting. We show that this positive

  6. Safeguarding the Health Sector in Times of Macroeconomic ...

    International Development Research Centre (IDRC) Digital Library (Canada)

    2008-01-01

    Jan 1, 2008 ... Safeguarding the Health Sector in Times of Macroeconomic Instability presents the results of an international initiative to document the effects of how health ... Enis Barış, Senior Public Health Specialist at the World Bank, is a physician with graduate degrees in public health (MSc) and epidemiology (PhD), ...

  7. Macroeconomic and social change and popular demand for redistribution

    DEFF Research Database (Denmark)

    Jæger, Mads Meier

    This paper tests the self-interest hypothesis arguing that changes in macroeconomic and social conditions affect popular demand for redistribution. I analyze data from four waves of the European Social Survey and use a synthetic cohort design to generate pseudo panel data for socio-demographic gr...

  8. Improved Construction of diffusion indexes for macroeconomic forecasting

    NARCIS (Netherlands)

    C. Heij (Christiaan); D.J.C. van Dijk (Dick); P.J.F. Groenen (Patrick)

    2006-01-01

    textabstractThis article proposes a modified method for the construction of diffusion indexes in macroeconomic forecasting using principal component regres- sion. The method aims to maximize the amount of variance of the origi- nal predictor variables retained by the diffusion indexes, by matching

  9. Assessing the impact of selected macroeconomic variables in the ...

    African Journals Online (AJOL)

    This paper examined the effects of some selected macroeconomic variables on residential property price in Lagos. Data were collected from Estate Surveyors and Valuers using the simple random sampling technique and Central Bank of Nigeria (CBN) Statistical Bulletin. The semi-log form of regression equation model ...

  10. Testing Non-Stationarity in Selected Macroeconomic Series from ...

    African Journals Online (AJOL)

    The study tested stationarity in a selected set of macroeconomic variables (some constructed) from Sudan over the period 1969 to 1998. Augmented Dickey Fuller tests were employed to test for presence of unit roots. The study found that unit roots existed in most variables, namely, private investment, public investment, real ...

  11. MACROECONOMIC ENVIRONMENT AND GREENFIELD FOREIGN DIRECT INVESTMENT OF HOTEL BRANDS

    Directory of Open Access Journals (Sweden)

    Jože Perić

    2016-12-01

    Full Text Available The powerful attraction of foreign direct investment (FDI is particularly important for further development of tourism. The strategically focused attraction of FDI in tourism has a much higher significance because of the multiple effects in relation to other segments of the economy. In this context, it is necessary to highlight the investment engagement and the presence of globally branded luxury hotels. The purpose of the study is to assess the macroeconomic environment, the effects of greenfield FDI in tourism and, consequently, the presence of global hotel brands using the comparative analysis of the selected countries as the methodological basis of this study. The research results indicate that a favorable macroeconomic environment plays an important role in attracting foreign capital. Countries that have a more favorable macroeconomic environment attract more greenfield FDI, and provide a greater presence of global hotel brands, and thus greater competitiveness. Also, the political stability, the encouraging macroeconomic business conditions, the elimination of administrative and legislative barriers, the elimination of the country's image as a corrupt destination and tourism staff education at all levels are particularly important for FDI in tourism.

  12. Do financial variables help predict the macroeconomic environment?

    Czech Academy of Sciences Publication Activity Database

    Havránek, T.; Horváth, R.; Matějů, Jakub

    2011-01-01

    Roč. 9, č. 2 (2011), s. 14-17 ISSN 1803-7089 Institutional research plan: CEZ:MSM0021620846 Keywords : macroeconomic environment * monetary restriction * financial system Subject RIV: AH - Economics http://www.cnb.cz/miranda2/export/sites/www.cnb.cz/en/research/research_publications/erb/download/ERB_No2_2011.pdf

  13. Macroeconomic determinants of conditional stock-bond correlation ...

    African Journals Online (AJOL)

    This paper analyzes effects of macroeconomic variables on cross- asset market linkages based on the stock-bond returns correlation. The study focuses on the dependence of stock-bond returns correlation on inflation and interest rate, and attempts to explain conditional stock-bond correlation using the argument that these ...

  14. Sovereign risk and macroeconomic fluctuations in an emerging market economy

    NARCIS (Netherlands)

    Kirchner, M.; Rieth, M.

    2010-01-01

    This paper assesses the role of sovereign risk in explaining macroeconomic fluctuations in Turkey. We estimate two versions of a simple New Keynesian small open economy model on quarterly data for the period 1994Q3-2008Q2: a basic version and a version augmented by a default premium on government

  15. An international constant: The crucial role of policy competence in the effective strategic management of health services organizations.

    Science.gov (United States)

    Longest, B B

    2004-05-01

    In view of the pervasive impact of government policies on health services organizations worldwide, policy competence is an increasingly important element in the successful strategic management of these organizations. This article discusses a conceptual perspective of policy competence, including three intertwined components of this competence. Firstly, policy competence is built upon understanding the government policies that affect health services organizations, as well as understanding the process by which such policies are made and the forces that can affect the process and its outcomes. Secondly, policy competence helps strategic managers anticipate and lead responses of health services organizations to the opportunities and threats emanating from their policy environments. Finally, policy competence assists strategic managers to participate effectively in shaping the policy environments of health services organizations to the benefit of these organizations.

  16. A Global Synthesis of Managing Groundwater Dependent Ecosystems Under Sustainable Groundwater Policy.

    Science.gov (United States)

    Rohde, Melissa M; Froend, Ray; Howard, Jeanette

    2017-05-01

    Groundwater is a vital water supply worldwide for people and nature. However, species and ecosystems that depend on groundwater for some or all of their water needs, known as groundwater dependent ecosystems (GDEs), are increasingly becoming threatened worldwide due to growing human water demands. Over the past two decades, the protection and management of GDEs have been incorporated into several water management policy initiatives worldwide including jurisdictions within Australia, the European Union, South Africa, and the United States. Among these, Australia has implemented the most comprehensive framework to manage and protect GDEs through its water policy initiatives. Using a science-based approach, Australia has made good progress at reducing uncertainty when selecting management thresholds for GDEs in their water management plans. This has been achieved by incorporating appropriate metrics for GDEs into water monitoring programs so that information gathered over time can inform management decisions. This adaptive management approach is also accompanied by the application of the "Precautionary Principle" in cases where insufficient information on GDEs exist. Additionally, the integration of risk assessment into Australia's approach has enabled water managers to prioritize the most valuable and vulnerable ecologic assets necessary to manage GDEs under Australia's national sustainable water management legislation. The purpose of this paper is to: (1) compare existing global policy initiatives for the protection and management of GDEs; (2) synthesize Australia's adaptive management approach of GDEs in their state water plans; and (3) highlight opportunities and challenges of applying Australia's approach for managing GDEs under other water management policies worldwide. © 2017 The Authors. Groundwater published by Wiley Periodicals, Inc. on behalf of National Ground Water Association.

  17. 76 FR 75860 - National Forest System Invasive Species Management Policy

    Science.gov (United States)

    2011-12-05

    ... and implementing invasive species management activities as a tool for achieving sustainable management..., controlling, or eradicating invasive species assists in the recovery of the area's resilience and the capacity... decisionmaking. The core SDM concepts and steps to better decisionmaking are useful across all types of decisions...

  18. 76 FR 32135 - National Forest System Invasive Species Management Policy

    Science.gov (United States)

    2011-06-03

    ... management activities as a tool for achieving sustainable management and providing a broad range of ecosystem... effectiveness of treatments. Preventing, controlling, or eradicating invasive species assists in the recovery of... decision making are useful across all types of decisions: from individuals making minor decisions to...

  19. African Journal of Finance and Management: Editorial Policies

    African Journals Online (AJOL)

    Focus and Scope. The African Journal of Finance and Management is designed to carry articles, announcements, notes and reports on: -- In-depth, theoretical and empirical research, analysis of field experience and significant new developments in finance, management, banking, accountancy, insurance, social security, ...

  20. Disability management: organizational diversity and Dutch employment policy

    NARCIS (Netherlands)

    Kopnina, H.; Haafkens, J.A.

    2010-01-01

    INTRODUCTION: While Human Resource Managers (HRM) and line managers could play a significant role in the prevention of job-related problems and in promotion of early job-continuation, it is not clear wether the chronically ill workers are recognized as a group. Unlike some other groups,