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In order of population, the Lusophonic countries are Brazil, Mozambique, Angola, Portugal, Guinea-Bissau, Timor-Leste, Macau S.A.R., and São Tomé e Príncipe.
by Abu Yahya May 18, 2010
Get the Lusophonic mug.*noun*, term used in economics to refer to the New Classical economics. The fresh water school was lead by Robert E. Lucas, Thomas J. Sargent, and Robert Barro; its position was that fiscal policy and monetary policy are doomed to be ineffective, since they rely on "fooling the public."
Instead, they argued that even tax cuts had no stimulus effect (in contrast to "supply side economics"), and of course they were resolutely opposed to government spending. Instead, the fresh water school maintained that a recession was caused by markets adjusting to a technology shock to create a structurally different economic system. The best thing to do was to allow the markets to restructure industry on their own.
The fresh water school was known for their support of the "rational expectations hypothesis" (REH) and "real business cycle" (RBC) theory.
Instead, they argued that even tax cuts had no stimulus effect (in contrast to "supply side economics"), and of course they were resolutely opposed to government spending. Instead, the fresh water school maintained that a recession was caused by markets adjusting to a technology shock to create a structurally different economic system. The best thing to do was to allow the markets to restructure industry on their own.
The fresh water school was known for their support of the "rational expectations hypothesis" (REH) and "real business cycle" (RBC) theory.
But lately, a ...school of skeptics who think the Government usually just gums things up is gaining attention and influence. The skeptics are known as the "fresh water school," less for the purity of their thought than for their origins at universities along the shores of the Great Lakes.
"'Fresh Water' Economists Gain," *New York Times*, 23 July 1988
"'Fresh Water' Economists Gain," *New York Times*, 23 July 1988
by Abu Yahya March 5, 2009
Get the fresh water school mug.(US LAW) a legal ruling that consists of a decision in which the two parties (the plaintiff and the defendant) consent to some action by the defendant in exchange for a suspended sentence. For example, a husband who is a defendant in a domestic violence case may agree to psychiatric counseling in exchange for not going to prison for assaulting his wife.
The agreement has to be reached beforehand by the parties and then the court may (or may not) approve of the agreement. When it does, that's a consent decree.
The agreement has to be reached beforehand by the parties and then the court may (or may not) approve of the agreement. When it does, that's a consent decree.
WASHINGTON, July 14 /PRNewswire-USNewswire/ -- The Justice Department today announced a court-approved consent decree which resolves a lawsuit against the state of New York and its public university systems for their failure to provide voter registration services at offices serving students with disabilities at each public university and college campus in New York State.
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Under the consent decree, by the start of the 2010-2011 school year, disability services offices at each public university and college campus in the state will provide voter registration services to students with disabilities.
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Under the consent decree, by the start of the 2010-2011 school year, disability services offices at each public university and college campus in the state will provide voter registration services to students with disabilities.
by Abu Yahya July 15, 2010
Get the consent decree mug.(FINANCE) issue of stock by a firm that already has stock in circulation.
Follow-on offerings account for a little over 83% of new finance capital raised on the NYSE. The other 17% was initial public offering (IPO).
Follow-on offerings account for a little over 83% of new finance capital raised on the NYSE. The other 17% was initial public offering (IPO).
Between 1 January and 31 August 2010, 46 companies had made an initial public offering on the NYSE; another 33 had made a follow-on offering. But while the IPO's accounted for $9.5 billion, the FOO's accounted for almost $55 billion.
by Abu Yahya September 29, 2010
Get the follow-on offering mug.(ECONOMICS) a financial institution that issues the national currency and administers monetary policy.
For the USA, the central bank is the Federal Reserve System.
In a few cases, the central bank is private, and otherwise similar to a regular commercial bank. In other cases, it is directly controlled by the head of government. In most cases, however, it is a government agency that is shielded from direct control.
OTHER IMPORTANT CENTRAL BANKS
European Union--European Central Bank (ECB).
Japan--Bank of Japan
China--People's Bank of China
United Kingdom--Bank of England
See also the International Monetary Fund and the Bank for International Settlements.
For the USA, the central bank is the Federal Reserve System.
In a few cases, the central bank is private, and otherwise similar to a regular commercial bank. In other cases, it is directly controlled by the head of government. In most cases, however, it is a government agency that is shielded from direct control.
OTHER IMPORTANT CENTRAL BANKS
European Union--European Central Bank (ECB).
Japan--Bank of Japan
China--People's Bank of China
United Kingdom--Bank of England
See also the International Monetary Fund and the Bank for International Settlements.
In the USA, as well as many other countries, the Treasury acts as the government's underwriter but the central bank controls the money supply using treasury securities and other forms of hot money. The central bank is usually responsible for managing the currency reserves, including foreign currency reserves, of its government. It also enforces banking laws and operates check clearing.
The BIS acts as a bank to most of the world's central banks.
The BIS acts as a bank to most of the world's central banks.
by Abu Yahya May 5, 2010
Get the central bank mug.to introduce a thing as currency, e.g., silver, gold, copper. In nearly all cases, when something has been monetized, it is legal tender and debtors are legally obligated to accept it as payment for debt.
Debt can also be monetized. A government can either buy the debt of companies whose growth it favors as a matter of policy (as in pre-War Japan) or permit its own bonds to be be used as banking reserves (for the creation of money).
Debt can also be monetized. A government can either buy the debt of companies whose growth it favors as a matter of policy (as in pre-War Japan) or permit its own bonds to be be used as banking reserves (for the creation of money).
by Abu Yahya January 23, 2009
Get the monetize mug.(ECONOMICS) debt owned by a national government to all creditors foreign and domestic. Backed by the national government's power to tax.
Even after the International Monetary Fund worked out a bailout for Greece, other sovereign debt crises could still arise in Spain, Portugal, and Italy.
by Abu Yahya May 5, 2010
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