The exposure of Cypriot banks to overleveraged local property companies, the Greek government-debt crisis, the downgrading of the Cypriot government's bond credit rating to junk status by international credit rating agencies, ...

This paper studies different types of commitment policy in an economy where the deterministic steady state is inefficient. We show how a policy suggested by the approach of policy design entails positive long-run inflation, ...

This study focuses on analyzing a possible translation agency startup project for the market of Moscow. Accordingly, the aim required solving such tasks as determining specifics of the project start-up, revealing the essence ...

The aim of this thesis is to study the effects of inflation persistence due to rule-of-thumb behaviour by price setters on optimal monetary policy. We start with a canonical log-linearised New Keynesian model, which we ...

The global economy is still recovering from the most severe financial and economic crisis since the 1930s. The crisis initially started in the United States, but rapidly took global proportions, spreading quickly around ...

Within New Keynesian economics, the optimality of a monetary policy that aims at zero inflation is surprisingly robust. Optimal monetary policy has this character despite the inefficiency of the nonstochastic steady state ...

A highly structured survey was developed, broken down into three sections, with the objective of validating the concepts of leadership in project management, how they are applied in the construction field, and how the ...

Central banks typically have a long-run inflation target that is modestly positive. However, the standard New Keynesian framework prescribes that zero inflation is the optimal longrun target. In this paper, we show that ...

The Phillips curve represents the link between the business cycle and infation and constrains the actions of policymakers. In this paper, we study the optimal long-run rate of infation in the presence of a hybrid Phillips ...

The intensive economic crisis the global community is facing in recent years, although initially occurred in the United States has reached epidemic proportions. The dramatic efTects on the banking system and businesses ...

Since the start of the recent financial crisis, the salaries of CEO's have constantly made headlines and the issue of management compensation has taken center stage in the public arena. For example, Barack Obama, the US ...

Since the start of the recent financial crisis, the salaries of CEO’s have constantly made headlines and the issue of management compensation has taken center stage in the public arena. For example, Barack Obama, the US ...

This research considers the problem of the absence of a plan for strategic development of a fledgling company, Maestros of Silence, operating in Moscow's soundproofing market. To solve this problem, there was set the aim ...