Financial channels and economic activity in the euro area: a large-scale Bayesian VAR approach

Empirica ◽  
2019 ◽  
Vol 47 (2) ◽  
pp. 431-451
Author(s):  
Narcissa Balta ◽  
Bořek Vašíček
Keyword(s):  
Euro Area ◽  
Economic Activity ◽  
Large Scale ◽  
Bayesian Var

Hunting Indians

Manhunts ◽  
2012 ◽  
Author(s):  
Grégoire Chamayou ◽  
Steven Rendall
Keyword(s):  
Economic Activity ◽  
Large Scale ◽  
New World ◽  
Social Phenomenon ◽  
Way Of Life

This chapter discusses how the conquest of the New World gave rise to vast manhunts that continued for almost four centuries and took place all over the Americas. This was a massive phenomenon with its specially trained dogs, professional hunters, weapons, and culture. As a social phenomenon, Indian hunting was indissolubly a large-scale economic activity, a way of life, and a cruel pleasure, a macabre form of sport—and this was so from the beginning of the conquests. Acquisition hunts were intended to take future slaves. Extermination hunts were entirely different; their main goal was the eradication of the population in order to conquer the territory. These hunts of conquest had to be provided with legitimations, with theories. How could the hunts for Indians be justified? That is where, very early on, philosophers made their entrance.

Life After Mining: Hidden Unemployment and Changing Patterns of Economic Activity amongst Miners in England and Wales, 1981-1991

1999 ◽  
Vol 13 (3) ◽  
pp. 483-502 ◽  
Author(s):  
Edward Fieldhouse ◽  
Emma Hollywood
Keyword(s):  
Labour Market ◽  
Economic Activity ◽  
Employment Status ◽  
Early Retirement ◽  
Regional Differences ◽  
Large Scale ◽  
Mining Industry ◽  
Changing Patterns ◽  
Labour Market Position ◽  
Using Data

Official counts of unemployment in the coalfields have not reflected the large-scale losses of thousands of jobs from the mining industry in the 1980s and 1990s. Recent studies have suggested that there are indeed high incidences of unemployment among ex-miners and that much of the unemployment in the coalfields is `hidden', masked by the removal of miners from the official unemployment register through early retirement or being classed permanently sick. This paper examines how miners have been absorbed into the labour market over a ten-year period, between 1981 and 1991. Using data from the ONS Longitudinal Study a sample of miners are identified in 1981 and their labour market position in 1991 examined. The data are used to highlight changes in occupation, employment status and social class. In addition, regional differences in unemployment and joblessness are assessed.

Even gradual quantitative tightening raises GDP risks

2019 ◽  
Keyword(s):  
Euro Area ◽  
Commercial Banks ◽  
Large Scale ◽  
Sales Tax ◽  
Quantitative Easing ◽  
Content Type ◽  
Balance Sheets ◽  
Liquidity Provision ◽  
The Us ◽  
Repurchase Agreements

Subject Quantitative easing and GDP. Significance The US Federal Reserve (Fed), Bank of Japan (BoJ) and ECB have all conducted quantitative easing (QE) programmes since 2008, purchasing assets from commercial banks on a large scale and without predefined repurchase agreements. These purchases have swollen the balance sheets of the three largest central banks and provided commercial banks with large liquidity buffers. Impacts The pace of the Fed withdrawing liquidity may slow; if US-China conflict worsens or another shock occurs, the Fed may consider reversing. In the euro-area, there are no new liquidity provisions, at a time when German GDP is weakening and Brexit threatens EU growth. New liquidity-provision plans may be hard for the euro-area to agree; if this is off the table, so are liquidity-withdrawing measures. The BoJ may stop scaling back its bond and ETF holdings if markets suffer; the upcoming sales tax rise will also hit spending.

Financial Structure and Financing Models: The Brazilian Experience over the 1964–1997 Period

2002 ◽  
Vol 34 (1) ◽  
pp. 71-114 ◽  
Author(s):  
JENNIFER HERMANN
Keyword(s):  
Capital Market ◽  
Economic Activity ◽  
Alternative Model ◽  
Large Scale ◽  
Credit System ◽  
Financial Policies ◽  
Private Banking ◽  
Banking Credit ◽  
Two Alternatives ◽  
The Capital Market

The article analyses the Brazilian experience in financing economic activity from the 1964–67 reform until the 1990s. Two issues are addressed: first, what conditions explain the development of a model based on public and external credit in Brazil, quite different from the capital market based system conceived in the 1964–67 reform? Second, what are the perspectives for the development of an alternative model in the country, led by the national private sector? Based on international experience, two alternatives are considered: a) the expansion of the capital market, in order to make possible large scale direct financing; b) the formation of a private banking credit system, complementing or replacing both public and external credit. Despite undoubted improvements, tendencies observed up to 1997 suggest the persistence of the ‘short-termist’ profile that typically characterised the Brazilian financial system. Thus, the development of both capital market and banking credit models depends on financial policies devoted to this goal. General guidelines for such policies are suggested in the last section of the paper.

scholarly journals Pelatihan Kewirausahaan Bidang Pariwisata di Desa Cadas Ngampar Sentul

2022 ◽  
Vol 1 (1) ◽  
pp. 31-37
Author(s):  
Imam Ardiansyah ◽  
Sofiani Sofiani ◽  
Yudhiet Fajar Dewantara ◽  
Stephanie Rosanto ◽  
Vivian Octariana ◽  
...  
Keyword(s):  
Community Service ◽  
Economic Activity ◽  
Large Scale ◽  
Questions And Answers ◽  
Service Activity ◽  
Social Restriction ◽  
To Come ◽  
The Cost ◽  
The Village

ABSTRAK Penerapan kebijakan Pembatasan Sosial Berskala Besar (PSBB) oleh pemerintah  Indonesia berdampak besar terhadap penurunan kegiatan ekonomi di masyarakat.Hal tersebut memberikan pengaruh kepada sejumlah pengusaha terpaksa membuat keputusan dengan menutup usahanya dan sebagian karyawannya dirumahkan atau melakukan pemutusan hubungan kerja karena beban operasional yang tetap berjalan, seperti biaya sewa tempat, listrik, maupun gaji karyawan sementara tidak ada pemasukan. Bagi pengusaha yang memiliki modal yang besar, kemungkinan masih bisa bertahan untuk beberapa waktu ke depan. Namun lain halnya bila pengusaha yang memiliki modal yang relatif kecil atau pas-pasan. Tentu menjadi pekerjaan rumah yang tidak mudah untuk bertahan. UMKM merupakan salah satu sector yang terimbas dari adanya Pemabatasan tersebut. Oleh karena itu, Universitas Bunda Mulia melalui program Pengabdian kepada Masyarakat (PKM) ini, membantu para penggiat UMKM di Desa Cadas Ngampar untuk dapat bangkit dan berinovasi dalam menjalankan usahanya. Tujuan dari kegiatan pengabdian kepada masyarakat ini adalah untuk melatih kemampuan berwirausaha masyarakat di desa cadas ngampar.  Beberapa paparan materi yang disampaikan dalam PKM ini diharapkan dapat meningkatkan kualitas UMKM warga lokal dan meningkatkan lagi perekonomian di Desa Cadas Ngampar. Setelah melakukan penyuluhan dengan pemaparan materi dari masing-masing dosen maka hasil yang di dapatkan berdasarkan intensitas tanya jawab yang muncul, kegiatan pengabdian ini adalah adanya peningkatan pengetahuan dan pemahaman serta keterampilan peserta dalam kewirausahaan, dapat mengetahui manfaat-manfaat dari materi yang disampaikan, dan adanya tambahan motivasi dalam berwirausaha. Kata Kunci: Kewirausahaan, Pemasaran, Higiene dan Sanitasi ABSTRACTThe implementation of the Large-Scale Social Restriction (PSBB) policy by the Indonesian government has had a major impact on the decline in economic activity in the community. This has affected a number of entrepreneurs who were forced to make decisions by closing their businesses and some of their employees being laid off or terminating their employment due to ongoing operational expenses, such as the cost of renting a place, electricity, or employee salary while there is no income. For entrepreneurs who have a large capital, chances are they can survive for some time to come. However, it is different if the entrepreneur has a relatively small or mediocre capital. Of course, being homework that is not easy to survive. MSMEs are one of the sectors affected by these restrictions. Therefore, Universitas Bunda Mulia through this Community Service (PKM) program, helps MSME activists in Cadas Ngampar Village to be able to rise and innovate in running their business. The purpose of this community service activity is to train community entrepreneurship skills in the village of rock ngampar. Some of the material presentations presented in this PKM are expected to improve the quality of local MSMEs and improve the economy in Cadas Ngampar Village. After conducting counseling with material presentation from each lecturer, the results obtained were based on the intensity of the questions and answers that emerged, this service activity was an increase in the knowledge and understanding, and skills of participants in entrepreneurship, being able to find out the benefits of the material presented, and additional motivation in entrepreneurship. Keywords: Entrepreneurship, Marketing, Hygiene and SanitationABSTRAK Penerapan kebijakan Pembatasan Sosial Berskala Besar (PSBB) oleh pemerintah  Indonesia berdampak besar terhadap penurunan kegiatan ekonomi di masyarakat.Hal tersebut memberikan pengaruh kepada sejumlah pengusaha terpaksa membuat keputusan dengan menutup usahanya dan sebagian karyawannya dirumahkan atau melakukan pemutusan hubungan kerja karena beban operasional yang tetap berjalan, seperti biaya sewa tempat, listrik, maupun gaji karyawan sementara tidak ada pemasukan. Bagi pengusaha yang memiliki modal yang besar, kemungkinan masih bisa bertahan untuk beberapa waktu ke depan. Namun lain halnya bila pengusaha yang memiliki modal yang relatif kecil atau pas-pasan. Tentu menjadi pekerjaan rumah yang tidak mudah untuk bertahan. UMKM merupakan salah satu sector yang terimbas dari adanya Pemabatasan tersebut. Oleh karena itu, Universitas Bunda Mulia melalui program Pengabdian kepada Masyarakat (PKM) ini, membantu para penggiat UMKM di Desa Cadas Ngampar untuk dapat bangkit dan berinovasi dalam menjalankan usahanya. Tujuan dari kegiatan pengabdian kepada masyarakat ini adalah untuk melatih kemampuan berwirausaha masyarakat di desa cadas ngampar.  Beberapa paparan materi yang disampaikan dalam PKM ini diharapkan dapat meningkatkan kualitas UMKM warga lokal dan meningkatkan lagi perekonomian di Desa Cadas Ngampar. Setelah melakukan penyuluhan dengan pemaparan materi dari masing-masing dosen maka hasil yang di dapatkan berdasarkan intensitas tanya jawab yang muncul, kegiatan pengabdian ini adalah adanya peningkatan pengetahuan dan pemahaman serta keterampilan peserta dalam kewirausahaan, dapat mengetahui manfaat-manfaat dari materi yang disampaikan, dan adanya tambahan motivasi dalam berwirausaha. Kata Kunci: Kewirausahaan, Pemasaran, Higiene dan Sanitasi ABSTRACTThe implementation of the Large-Scale Social Restriction (PSBB) policy by the Indonesian government has had a major impact on the decline in economic activity in the community. This has affected a number of entrepreneurs who were forced to make decisions by closing their businesses and some of their employees being laid off or terminating their employment due to ongoing operational expenses, such as the cost of renting a place, electricity, or employee salary while there is no income. For entrepreneurs who have large capital, chances are they can survive for some time to come. However, it is different if the entrepreneur has a relatively small or mediocre capital. Of course, being a homework that is not easy to survive. MSMEs are one of the sectors affected by these restrictions. Therefore, Universitas Bunda Mulia through this Community Service (PKM) program, helps MSME activists in Cadas Ngampar Village to be able to rise and innovate in running their business. The purpose of this community service activity is to train community entrepreneurship skills in the village of rock ngampar. Some of the material presentations presented in this PKM are expected to improve the quality of local MSMEs and improve the economy in Cadas Ngampar Village. After conducting counseling with material presentation from each lecturer, the results obtained were based on the intensity of the questions and answers that emerged, this service activity was an increase in the knowledge and understanding and skills of participants in entrepreneurship, being able to find out the benefits of the material presented, and additional motivation in entrepreneurship. Keywords: Entrepreneurship, Marketing, Hygiene and Sanitation

ECB sovereign QE could support inflation trends

2015 ◽  
Keyword(s):  
Euro Area ◽  
Risk Sharing ◽  
Large Scale ◽  
The United States ◽  
Wealth Effects ◽  
Medium Term ◽  
Content Type ◽  
European Institutions ◽  
The Us ◽  
Asset Backed Securities

Significance The programme expands existing purchases of asset-backed securities and covered bonds with large-scale buying of bonds issued by euro-area governments, agencies and European institutions. Purchases will amount to a combined total of 60 billion euros (69 billion dollars) per month, starting in March. They will continue until at least September 2016 -- or until there is progress towards the central bank's medium-term inflation goal. Impacts The larger than expected size of the programme will be achievable thanks to partial risk sharing among national central banks. Wealth effects will be smaller than in the United States and United Kingdom, as euro-area capital markets are less deep. The QE programme will amount to 12% of euro-area GDP, while the US programme was larger, at 25% of GDP.

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