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Books > Business & Economics > Economics > Economic forecasting
Ageing populations are a major consideration for socio-economic
development in the early twenty-first century. This demographic
change is mainly seen as a threat rather than as an opportunity to
improve the quality of human life, especially in Europe, where
ageing has resulted in a reduction in economic competitiveness.
Economic Foundations for Creative Ageing Policy mixes the silver
economy, the creative economy, and the social economy to construct
positive solutions for an ageing population. Klimczuk covers
theoretical analyses and case study descriptions of good practices
to suggest strategies that could be internationally popularized.
The US marijuana market generated a total revenue of $1.6B in 2013,
an estimated increase of 33% over 2012, exceeding industry
estimates by more than $100M. The marijuana market is less than 2%
of the US tobacco market, a $153.5B market that has no medicinal
value, and less than 1% of the alcohol market, which valued at
$197.8B in 2012. This market analysis provides information useful
to investors, existing business owners, entrepreneurs, and law
makers involved in the marijuana market.
As Singapore enters its 50th year of independence, it is a time for
introspection to look back at the successes and challenges of the
past, but is also a crucial time to consider what the future holds
for the nation.Singapore 2065: Leading Insights on Economy and
Environment from 50 Singapore Icons and Beyond is one such key
contribution to the endeavour of thinking about what lies ahead.
While many forthcoming projects and books take a more retrospective
approach reflecting upon Singapore's past, this book adopts a
forward-looking perspective, contemplating Singapore's distant
future, which is important for posterity. This book is a collection
of key insights from 50 iconic individuals of Singapore and beyond,
and contains reasoned arguments, speculations and visionary
expectations of Singapore's future in 50 years' time.The book
discusses the distant future of Singapore's economy and the
environment. What will Singapore's economic and environment
landscape be like 50 years from now? Are there trends or scenarios
common to the various discussions contained in this book? If there
are, how big would be the impact of some of these trends? What and
how should the government respond to these projections,
expectations and informed visions of tomorrow? In sum, what would
Singapore's economy and environment be like in 2065? The book
explores a range of possible answers to these questions and
more.Not only will the generations of today be able to gain much
insight into Singapore's future by reading this book, but future
generations, specifically 100 years after Singapore's independence,
will be able to understand and affirm what and how today's
generations think about their time. The book is a key contribution
to envisioning Singapore's future, which is also vital for
understanding what shapes Singapore's landscape today.
This study addresses the two major challenges facing the global
economy: globalization and the European structural crisis. In
addition, it takes a closer look at the impact of this on the
Italian economy. The findings reflect on the issue of long term
growth and suggest ways in which to create sustainable financial
conditions for the future.
Financial crisis, recession and worsening inequality have long been
blamed on a surplus of capital. But the actions that led the latest
boom and bust by banks and businesses, households and governments -
can better be explained capital's increasing scarcity. Efforts to
track it down confirm its disappearance.
Over the past few years, the Federal Reserve's use of
unconventional monetary policy tools has led it to hold a large
portfolio of securities. The asset purchases are intended to put
downward pressure on longer-term interest rates, but also affect
the Federal Reserve's balance sheet and income. We begin with a
primer on the Federal Reserve's balance sheet and income statement.
Then, we present a framework for projecting Federal Reserve assets
and liabilities and income through time. The projections are based
on public economic forecasts and announced Federal Open Market
Committee policy principles. The projections imply that for the
next several years, the Federal Reserve's balance sheet remains
large by historical standards, and earnings remain high. Using the
FOMC's stated exit strategy principles and the Blue Chip financial
forecasts of the federal funds rate, the projections have the
Federal Reserve's portfolio beginning to contract in 2015. The
portfolio returns to a more normal size in early 2018 or 2019, and
returns to a more normal composition a year thereafter. The
projections imply that Federal Reserve remittances to the Treasury
will likely decline for a time, and in some cases fall to zero.
Once the portfolio is normalized, however, earnings are projected
to return to their long-run trend. On net over the entire period of
unconventional monetary policy actions, cumulative earnings are
higher than what they likely would have been without the Federal
Reserve asset purchase programs. To illustrate the interest rate
sensitivity of the portfolio and earnings, we consider scenarios
where interest rates are 100 basis points higher or 100 basis
points lower than in the baseline projections. With higher interest
rates, earnings tend to fall a bit more and remittances to the
Treasury stop for a longer period than in our baseline projections,
while with lower interest rates earnings are a bit larger and
remittances continue throughout the projection period. With either
interest rate path, earnings follow the same general contour as in
the baseline analysis.
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