Macroeconomics Commons^™

Inet Ii Bretton Woods, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• INET Event Office. (2011, March 11). Inet 2011 conference confirmation (Email) (23-10_INET... p. 9).
• INET Event Office. (2011, April 4). Inet logistics (Email) (23-10_INET... p. 2).
• Amtrak. (2011, April 4). Reservation confirmation - this is not a ticket (Email) (23-10_INET... p. 12).
• Fetko, M. (2011, April 4). Re: lodging at bretton woods for anwar shaikh (Email) (23-10_INET... p. 6).

Chapter 3, Two Versions, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, Anwar. Handwritten archival overview notes regarding multiple versions of chapter three and macrofoundations of method. Unpublished manuscript.
• Shaikh, Anwar. Microfoundations, emergent properties and nonlinear dynamics. Unpublished work.
• Shaikh, Anwar. Earlier raw draft version of chapter three titled microfoundations, emergent properties and nonlinear dynamics. Unpublished work.

Classical Theory Output Level, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (n.d.). Classical theory: output level (Unpublished manuscript) (22-23_Clas... p. 1).
• Shaikh, A. (2011). Output level classical theory.xlsx (Unpublished dataset) (22-23_Clas... p. 2).
• Shaikh, A. (2011). Output level in economic theories (Unpublished manuscript) (22-23_Clas... p. 5).
• Godley, W., & Shaikh, A. (2002). An important inconsistency at the heart of the standard macroeconomic model. Journal of Post Keynesian Economics, 24(3), 423–441. Taylor & Francis (22-23_Clas... p. 20).
• Gandolfo, G. (1985). Economic dynamics: Methods and models. North-Holland (22-23_Clas... p. 20).

Inflation, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Inflation & fluid flow analogy (file folder). Anwar Shaikh, PhD, 2011.
• Thruput NIPA and excess demand (manuscript outline). Anwar Shaikh, PhD, May 15, 2011.
• Thruput as growth limit (manuscript outline). Anwar Shaikh, PhD, May 2011.
• Lectures on the theory of production. Luigi L. Pasinetti, Columbia University Press, 1977, Columbia University Press.
• Thruput model (handwritten notes). Anwar Shaikh, PhD, February 24, 2011.
• Alberto Nan & fas: Prop defense (handwritten notes). Anwar Shaikh, PhD, February 24, 2011.
• Water flow, electrical circuit and inflation analogy (unpublished manuscript). Anwar Shaikh, PhD, May 15, 2011.
• In my inflation equation (handwritten notes). …

Inet Proposal Stage 2, Anwar Shaikh Phd

Archives of Anwar Shaikh

his collection includes:

• Institute for New Economic Thinking. (2011). Standard pre-grant inquiry (PGI) form for grant #3232 (Manuscript). New School University Archives.
• Puller, N. (2011, July 11). Email correspondence regarding INET pre-grant inquiry for #3232 (Email). New School University Archives.
• Shaikh, A. (2011). Project budget for sponsor INET (Period: June 1, 2011 to August 31, 2012) (Manuscript). New School University Archives.
• Shaikh, A. (2011, April 24). Institute for New Economic Thinking proposal stage II cover letter (Manuscript). New School University Archives.
• Shaikh, A. (2011, April 14). New School institutional giving grant proposal form (Manuscript with handwritten note "Scanned & emailed"). …

Measurement Of Profit, Capital & Rop, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Ch 7: Measurement of profit, capital & ROP by Anwar Shaikh
• Appendix 7.1: Measurement of profit by Anwar Shaikh
• Appendix 7.2: Measurement of capital and the rate of profit by Anwar Shaikh
• Appendix 7.2A: Alternate treatments of the rate of profit by Anwar Shaikh

Estimating A Small-Scale Macroeconometric Model (Ssmm) For Nigeria: A Dynamic Stochastic General Equilibrium (Dsge) Approach, Charlse N.O Mordi, Michael A. Adebiyi

CBN Occasional Papers

This paper attempts to develop a small scale macroeconometric model for the Nigerian economy using dynamic stochastic general equilibrium (DSGE) methodology. Particular attention is paid to using impulse responses to explain the dynamic properties of the model. This model incorporates expectation as an anchor in the forward-looking monetary policy objective of the Central Bank of Nigeria (CBN). It captures most of the channels through which policymakers believe monetary policy can influence a small open economy with a managed floating exchange rate. The model was taken to the data by means of Bayesian estimation with the following major findings. First, although …

Is The Philips Curve Useful For Monetary Policy In Nigeria, Carlos J. Garcia

CBN Occasional Papers

The objective of this article is to determine if the Phillips curve is a relevant tool to conduct monetary policy in African countries wishing to adopt an inflation-targeting regime. I choose Nigeria as a case of study because it is in the early stage of the implementation of this regime. I estimate a medium-sized model for monetary policy analysis. The model reflects a synthesis between the New Keynesian and the Real Business Cycle (RBC) approaches. Then I estimate the model by using Bayesian econometric technique in order to overcome the shortage of data availability. The study concludes that there is …

The Political Economy Of Currency Re-Denomination By Countries., Peter Nwaoba

Bullion

In the view of the Bank, redenomination policy for Nigeria was not to translate to revaluation, as market forces were to continue to determine the prices, including interest rates and exchange rates, with the expectation that inflation will be low while exchange rate will appreciate. The objective of this paper is to articulate the reasons and conditions under which countries embark on currency redenomination exercises, and how successful these exercises had been over the years. The paper is descriptive with presentation based on literature reviews. Under the redenomination programme, banknotes were to be issued in denominations of new 50k (old …

The Performance Of Nigerian Stock Exchange Sectoral Indices: January 2009 December 2010, Alvan E. Ikoku, George Okorie

Bullion

The paper reviews the performance of the sectoral indices during the first twenty-four months of their existence, i.e., between their inception in January 2009 and December 2010. The authors seek to examine not only the raw performance of the indices but also their risk-adjusted performance. The results of the analysis will facilitate the allocation of capital by institutional as well as individual investors in the Nigerian equity market. The rest of the paper is organized as follows. Section 2 discusses the transformation of the indices and their correlation. In section 3, we examine the nominal performance of the sectoral indices …

Impact Of Banking Sector Reforms On The Nigerian Capital Market (Equities)., Peter A. Adekunle

Bullion

Following the outcome of the Special Joint Examination by the Central Bank of Nigeria (CBN) and Nigeria Deposit Insurance Corporation (NDIC), ten banks were indicted, out of which two were asked to recapitalize, while the Chief Executive Officers (CEOs) and Directors of the remaining eight were removed by CBN based on mismanagement and poor corporate governance. In order to protect the investors as well as prevent unprecedented dumping of the shares of the listed seven banks, two weeks of full suspension was imposed on trading of their shares on the stock market at various times. This paper attempts to determine …

The Role Of Economic Community Of West African States (Ecowas) In Promoting Borderless Trade In West Africa., Adam J. Akperan, Sanni Ganiyu Kayode

Bullion

The Economic Community of West African States (ECOWAS) is a regional group of fifteen countries, founded in 1975. Its mission is to promote economic integration in "all fields of economic activities, particularly industry, transport, telecommunications, energy, agriculture, natural resources, commerce, monetary and financial questions, social and cultural matters". This paper examines the role of CBN economy and monetary policies on the heels of borderless trade amongst the ECOWAS State. ECOWAS aims to promote peace, co-operation and integration in economic, social and cultural activity, ultimately leading to the establishment of an economic and monetary union through the total integration of the …

Energy And Economic Growth: A State-Level Analysis, Nathanael D. Peach

Faculty Publications - College of Business

No abstract provided.

Tough Economic Decisions, Ishrat Husain

Faculty Research - Newspaper and Magazine Articles

PAKISTAN has never been hit by such adverse shocks as in the past few years. All of these have occurred in quick succession and their speed, intensity, duration and magnitude are unparalleled. The war on terrorism has caused enormous loss to life, property and order. It is still going on. The bulk of the population was already suffering from diminished purchasing power due to high inflation, stagnating incomes and growing unemployment. The global economy has been in recession and has remained unhelpful in stimulating the domestic economy. There are few expectations of economic recovery at this stage. On top of …

The Rise And Fall Of Glass-Steagall, Jeffrey Rogers Hummel, Warren C. Gibson

Faculty Publications

No abstract provided.

Macroeconomic Effects Of Over-Investment In Housing In An Aggregative Model Of Economic Activity, Hian Teck Hoon

Research Collection School Of Economics

Is there a theoretical basis for the view that the end of a period of over-investment necessarily leads to a period of below-normal employment as the excess capital stock is run down? We study the repercussions of a false boom in housing driven by prior expectations of future housing prices not justified by fundamentals. When these expectations are corrected, the result is a precipitous drop in housing prices and, on that account alone, some drop in employment. There is also a bulge in the housing stock. In the closed economy case, the downward shift of the term structure of interest …

Macroeconomic Effects Of Over-Investment In Housing In An Aggregative Model Of Economic Activity, Hian Teck Hoon

Research Collection School Of Economics

Is there a theoretical basis for the view that the end of a period of over-investment necessarily leads to a period of below-normal employment as the excess capital stock is run down? We study the repercussions of a false boom in housing driven by prior expectations of future housing prices not justified by fundamentals. When these expectations are corrected, the result is a precipitous drop in housing prices and, on that account alone, some drop in employment. There is also a bulge in the housing stock. In the case of a closed economy, the downward shift of the term structure …

Banking Reforms For Effective Monetary Policy Transmissions., O. A. Uchendu

Bullion

This paper evaluates the effects of the recent banking sector in Nigeria on monetary policy transmission. The remainder of this paper is structured as follows: section two dwells on the transmission mechanism of monetary policy; section three examines the features of the banking sector that affect the conduct of monetary policy; section four presents banking sector reforms in Nigeria while section five examines the impact of the reforms on monetary policy. Section six presents the challenges while section seven concludes the paper.

The Nigerian Financial Crisis: Lessons, Prospects And Way Forward, Charles N. O. Mordi

Bullion

This paper x-rays the recent banking sector crisis in Nigeria, its resolution, lessons learned and way forward. The paper is divided into six main sections. Following the introduction, section 2 highlights country experiences of banking crisis and resolution options, while section 3 gives an overview of financial crisis in Nigeria; section 4 discusses the recent financial crises in Nigeria (2000-2009), while section 5 presents the 2009 banking crises and its causes. The most recent reform measures are discussed in section 6. ln sections 7 and 8, the lessons of experience and the way forward are presented, while the concluding remarks …

Reforming The Nigerian Banking Sector: Some Emerging Issues., Biodun Adedipe

Bullion

When the ongoing reforms of banking in Nigeria commenced, there were several arguments against the seeming harshness of the measures. As the revelations increased, the argument became the manner the revelations were made. All these pointed to the capacity of humans to resist change. lt was generally accepted that things went terribly wrong and some drastic steps needed to be taken. This paper examines existing and emerging financial reforms in the Nigeria banking sector. The outcome of the greed-induced crisis was not peculiar to Nigeria, as banks failed all around the world as their capital was eroded. There are obvious …